Ethereum Whales Buy $4.78B in ETH Since July, But Is It a “Bagholder’s Dilemma”?

Key Points

1. Ethereum's price surged 22% in a week, nearing its all-time high of $4,900, with a 2% increase in the last 24 hours.

2. Whales and institutions accumulated over 1.1 million ETH worth $4.78B since July 10, at an average price of $3,584.

3. A single entity amassed 221,000 ETH in 7 days, now holding $116M in unrealized profit, with purchases made via platforms like FalconX and Galaxy Digital.

4. CEO Samson Mow warns of a 'Bagholder’s Dilemma,' suggesting Ethereum's rally may be a means for investors to acquire more Bitcoin, predicting selling pressure as ETH nears its record high.

5. The ETH/BTC ratio has doubled from its April low of 0.018 to 0.036, indicating Ethereum's relative strength against Bitcoin in the short term.