Renewed Confidence
On April 22nd alone, a staggering 449,000 ETH, valued at an average price of $1,750, moved into the addresses, marking the largest single-day accumulation in Ethereum’s history.
Source: DefiLlama
This influx reflects continued confidence among long-term investors, even as Ethereum’s price faces downward pressure.
Still In The Red
Despite the bullish accumulation activity, the realized price for these wallets sits at $1,981. With the market trading below this level, these holders are currently in the red.
Historically, the realized price of accumulation wallets has remained beneath the spot price since 2018, making this recent flip a notable shift in long-term holder behavior.
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