According to a recent tweet posted by data analyst 'CW', on-chain data shows that ETH whales are doing something worth paying attention to. They are buying more ETH.. even though their profits dropped to 0.
The important detail here is the realized price of accumulation addresses. This metric tracks the average cost of ETH that is held by long-term whales. Recently ETH touched that realized price again and again, around $2,900. In simple terms whales are holding at breakeven. Normally this is where we would expect selling. No profit, a lot of uncertainty, easy exit.. but that is not what is happening.
In the tweet CW points out that inflows to accumulation addresses have actually increased. These wallets are not moving ETH, they are stacking. That means something because whales tend to act early. Whales do not buy aggressively if they expect a long bear market. Right now this current scenario gives whales room to keep buying without chasing pumps.
This does not guarantee an immediate pump however it does give us some bullish sentiment. When whales buy at breakeven instead of selling they are getting ready for higher prices in the future. If price holds well then this accumulation phase looks like quiet confidence.
Source: https://x.com/CW8900/status/2002416391274766419
ETH whales are buying at breakeven. That says a lot about what comes next.
byu/MasterpieceLoud4931 inethtrader
Posted by MasterpieceLoud4931
6 Comments
[deleted]
This tends to show that we will still be seeing a bull run soon because these whales will not be accumulating at this pace for a 2029/30 bull run.
!tip 1
But there are plenty of whales right? I bet you could find some of those whales selling too.
!tip 1
Seeing the smart money move in makes me feel confident about stacking and stay patient, especially wen things are not going in my way.
^(!tip 1)
See you in 4 years.
!tip 1
Great breakdown. Whale accumulation at the realized price ($2,900) is a classic sign of ‘strong hands.’ By stacking at breakeven instead of exiting, these high-net-worth entities are effectively treating the current price as a long-term value zone. It suggests they view the downside as limited and are positioning for the next leg up before the ‘chase’ begins. Quiet accumulation often precedes the loudest rallies.