NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Ethereum Bullish Signal: Whales Add $1B More To Their Holdings

Keshav Verma
Keshav Verma
2 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

On-chain data shows Ethereum whales have added $1 billion more to their holdings recently, something that could be bullish for the crypto’s price.

Ethereum Whales Now Hold 947,940 ETH More In Their Wallets

As per data from the analytics firm Santiment, this jump in the whale holdings is the 5th largest in this year so far.

The relevant indicator here is the “Supply Distribution,” which tells us the percentage of the total Ethereum supply that each wallet group has right now.

Wallets are divided into these groups based on the number of coins they are currently holding. For example, the 1-10 coins group includes all wallets that are storing amounts in this range at the moment.

The Supply Distribution metric for this cohort then measures what percentage of the total supply is made up by the sum of coins in these wallets specifically.

Now, here is a chart that shows the trend in this Ethereum indicator for the 10k-1m coins group over the last twelve months:

Ethereum Whales

Looks like the value of the metric has sharply gone up in recent days | Source: Santiment

The significance of the 10k-1m coins group is that it represents the wallets owned by large Ethereum whales. In the USD, this range corresponds to holdings worth between $10.9 million and $1 billion.

As you can see in the above graph, the Supply Distribution value for this ETH wallet group has shot up recently.

Related Reading

Ethereum

Ethereum Price Plunges, Why ETH Could Soon Dive Below $1,000

2 years ago

This latest spike amounts to an increase of 1.8%, which means these whales have added almost 1 million ETH more to their holdings now. At the current exchange rate, this amount converts to more than $1.1 billion.

In the past year, there have only been four instances where this Ethereum indicator has seen a larger single day increase.

Interestingly, during these past few occurrences where whales added similar amounts to their holdings, ETH vs BTC price chart grew by an average of 3.2% in the days following the pattern formation.

Related Reading: Latest Findings Show Bitcoin Holders Under Fire As Price Continues To Sink

If a similar trend follows this time as well, then the current accumulation from whales may also have a bullish impact on the price of Ethereum in the coming days.

ETH Price

At the time of writing, Ethereum’s price floats around $1.1k, down 4% in the last week. Over the past month, the crypto has lost 13% in value.

Below is a chart that shows the trend in the price of the coin over the last five days.

Ethereum Price Chart

The value of the crypto seems to have plunged down during the last couple of days or so | Source: ETHUSD on TradingView
Featured image from Abigail Lynn on Unsplash.com, charts from TradingView.com, Santiment.net
Tweet123Share196ShareSend
Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

Read more

Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

solaxy 42 m

Το Solaxy ξεπερνά τα $42 εκατ. με 18 μέρες να απομένουν στην presale

Καθώς το Solaxy ($SOLX) το πρώτο Layer-2 του Solana συγκεντρώνει πάνω από $42 εκατομμύρια, πολλοί αναρωτιούνται: μήπως η στρατηγική Layer-2...

tsvetoslavad 13 hours ago
Koja kriptovaluta bi mogla eksplodirati 2025? Podaci otkrivaju najizglednije kandidate

Koja kriptovaluta bi mogla eksplodirati 2025? Podaci otkrivaju najizglednije kandidate

Kako se tržište prilagođava nakon halvinga i ponovne primjene carina, postavlja se ključno pitanje: koja kriptovaluta bi mogla eksplodirati 2025....

NewsBTC 17 hours ago
Ethereum Market Outlook: Technical Indicators Signal Possible Continuation of Uptrend

Ethereum Market Outlook: Technical Indicators Signal Possible Continuation of Uptrend

Ethereum (ETH), the world’s second-largest cryptocurrency, has experienced considerable price fluctuations recently, trading at approximately $2,633 at the time of...

Samuel Edyme 22 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum Price Battle Persists

Ethereum Price Faces Mild Correction — Support Levels in Focus

Aayush Jindal 3 hours ago
Ethereum Tests Key Weekly Resistance – Analyst Sets $4K Target If ETH Breaks Out

Ethereum Tests Key Weekly Resistance – Analyst Sets $4K Target If ETH Breaks Out

Sebastian Villafuerte 5 hours ago
Ethereum Spot Premium Signals Strength – $2,800 Resistance In Focus

Ethereum Spot Premium Signals Strength – $2,800 Resistance In Focus

Sebastian Villafuerte 8 hours ago

Premium Sponsors

Top Brands

Press Releases

  • Start RIPPLECOIN Mining through Binance and easily earn...

    5 hours ago
  • CRYPTOMININGFIRM is regulated by the FSA and is the best...

    11 hours ago
  • The top three best cloud mining platforms in 2025: Mine BTC...

    14 hours ago
  • To earn $7K a day – Robinhood recommends using...

    18 hours ago
  • BAY Miner

    A monthly income of 100,000 is no longer a dream: BAY Miner...

    19 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.