Whale buy $1.34B Ethereum, pass ETF inflows before US CPI
One crypto whale wey no dey known gather 312,052 ETH (around $1.34 billion) inside ten wallets for eight days, pass the recent US spot Ethereum ETF inflows by $300 million. Dis strong accumulation come at the same time as record $1 billion ETF investments and fit push ETH to its all-time high near $4,890, over 12% pass the current levels.
Traders dey wait key US CPI and PPI reports before the Federal Reserve’s policy decision for September 17 — market get 82% chance say rates go remain the same. Ethereum’s Z-score na −0.06 mean say price movements dey inside normal volatility. But if inflation high pass wetin dem expect, e fit reduce risk appetite and stop gains, XBTO CIO Javier Rodriguez-Alarcón warn. As short-term holders dey take profits, ongoing corporate treasury purchases and whale flows still be main catalysts for ETH’s near-term path.
Bullish
Di whale get big big 312,052 ETH plus the increase for US spot Ethereum ETF flow dey cause strong buying demand, e dey push ETH go hin highest level ever. For short time, dis kain strong demand plus the good ETF flow fit make price rise sharply, but if inflation number strong pass wetin dem expect, e fit make some people collect profit or make market side tay yawa. For long run, company money dey buy continue plus whale dem still dey active, e dey support say price go still rise if overall market matter still stable.