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Large $ETH holders have added roughly $950 million worth of Ethereum, fueling talk of a market bottom — yet according to Cryptonews.net, the story carries a significant caveat that complicates the bullish read.
What the On-Chain Move Actually Shows Whale-level accumulation is one of the cleaner signals traders watch in a downturn: when addresses holding outsized positions add rather than distribute, it can suggest informed money sees value.
The $950 million figure attached to this round of buying is large enough to move the conversation. Bottom-callers have latched onto it as evidence that the worst of the selling pressure in $ETH is behind the market.
That framing is understandable. Accumulation at scale, by definition, requires a seller on the other side — and sustained buying without a price collapse can indicate demand is absorbing supply.
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