Ethereum whale frenzy: $540M added as ETH price eyes $3,200
2025-07-16 12:16:13
Main Idea
Ethereum whales have accumulated significant amounts of ETH, signaling strong institutional interest, but rising NVT ratio and resistance levels suggest potential overvaluation and market uncertainty.
Key Points
1. Three Ethereum whales acquired over 174,000 ETH worth nearly $540 million in under two weeks, with one address accumulating 68,141 ETH ($213.8 million) via FalconX.
2. Ethereum's NVT ratio surged to 194, indicating slower network activity despite rising prices, hinting at possible overvaluation.
3. The 1–7 day realized cap HODL wave rebounded to 2.69%, suggesting renewed speculative activity or short-term profit-taking.
4. Ethereum's Stock-to-Flow Ratio reached 592, reflecting a perceived supply squeeze due to whale accumulation.
5. Binance’s ETH/USDT liquidation heatmap shows dense clusters between $3,100 and $3,200, indicating strong short positions and potential volatility.
Description
Whale accumulation and rising scarcity suggest upside, but NVT spike warns of potential correction.
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