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218,000 Ethereum! This number is enough to shock the entire cryptocurrency market. While ordinary investors are still hesitant, those large investors known as "giant whales" have already cast a vote of confidence with real money. What did they see? Why such massive buying at this point in time?  Behind the crazy buying of giant whales Over the past week, the Ethereum market has seen an eye-catching increase in whale holdings. Data shows that multiple whale addresses have accumulated a total of 218,000 ETH, of which BitMine alone bought 203,826 ETH during the market downturn. A buy of this magnitude was no accident, but was based on a well-thought-out strategy. Why now? The whales seem to have sensed some coming market opportunity. On the one hand, the current price of Ethereum is about $3,933, which is still some distance from the all-time high of $4,953, which means there is still room for growth. On the other hand, the Federal Reserve is strongly expected to cut interest rates, with the probability of a 25 basis point rate cut in October as high as 99.4%, which is usually good for risk assets.  Five deep-seated reasons why giant whales buy Technology Upgrade Expectations Ethereum is about to usher in the Pectra upgrade. This major technical update will significantly improve network performance and further enhance its application value in fields such as DeFi and NFT. The giant whales obviously do not want to miss this wave of technological dividends. Low market valuation Although the current ETH price has rebounded from its lows, it is still lower than the holding costs of some giant whales. Data shows that the average holding cost of some giant whales is about US$1,743, which means that they are still optimistic about the long-term value-added potential of Ethereum. Asset Allocation Adjustment Interestingly, some whales are selling Bitcoin and switching to Ethereum. This phenomenon reflects the market’s continued recognition of Ethereum’s dominance in smart contracts and DeFi. Ethereum is becoming the new favorite of institutional investors. ETF fund inflows: Ethereum spot ETFs continued to have net inflows for 18 days, with an inflow of US$219 million on July 29 alone. This continued inflow of institutional funds provides sufficient market liquidity support for the whales. Recession Hedging As expectations for a rate cut by the Federal Reserve increase, market concerns about an economic recession intensify. Cryptocurrencies, as a non-traditional asset class, are increasingly viewed by investors as a hedge against economic uncertainty. The impact of Operation Whale on the market Whale's massive buying has had an immediate effect. Ethereum price increased by 1.24% in the past 24 hours to reach $3933.14. What is even more noteworthy is that the 24-hour transaction volume reached US$33 billion, showing a significant increase in market activity.  But does whale buying really mean a bull market is coming? Historical experience tells us that the behavior of giant whales is often a market indicator. The number of addresses holding more than 10,000 ETH has risen to its highest level since March 2025, exceeding 40.75 million ETH. This concentrated positioning phenomenon usually attracts follow-up buying, pushing prices up further. However, the market also needs to remain vigilant. If a whale suddenly turns to selling, it could trigger a chain reaction. At present, giant whales seem to be more inclined to hold stocks for the long term, which provides relatively stable support for the market. How should ordinary investors respond? Faced with massive buying by giant whales, how should ordinary investors seize the opportunity? The key is not to blindly follow the trend. Giant whales have information advantages and financial strength and can withstand greater market fluctuations. For ordinary investors, the following points are worth considering: Pay attention to fundamentals. Ethereum’s technological upgrade and ecological development are the core support for long-term value. Understanding these fundamentals is more important than simply following price movements. Diversify Don’t concentrate all your money on a single asset. Even if you are optimistic about Ethereum, you should maintain a reasonable asset allocation ratio. Long-term Perspective The cryptocurrency market is highly volatile and short-term speculation risks are extremely high. Adopting a long-term holding strategy may be more suitable for most investors. Risk Management Set clear stop loss points and profit targets to avoid emotional trading. Remember, even giant whales make mistakes. The large-scale buying by giant whales has undoubtedly injected a boost into the Ethereum market, but this does not mean that the market will be smooth sailing. Smart investors will get information from it, but they will not blindly follow it. After all, in the world of cryptocurrency, the only constant is change itself.   |
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