Institushon Dem Buy 145K ETH, Dey Show Say Ethereum Go Rise
Big wallet dem wey belong to institutions don gather pass 145,000 ETH for recent weeks, wen dem join acquisition from FalconX plus one address wey get link to Cumberland. Since July 12, one wallet for FalconX don buy 122,000 ETH for $435M at average price $3,213, include 19,550 ETH for 10 hours on July 19, wey generate unrealized profit of $41.34M. Separate, one Cumberland wallet don add 23,463.3 ETH since June 18, invest $76.5M at average cost of $3,261, with recent buy of 3,263 ETH ($11.75M) inside eight hours and $6.63M unrealized gains. Dis large scale ETH accumulation show say institutional demand strong, e reduce exchange liquidity, and e support Ethereum price. Traders suppose see these whale moves as bullish signal but still dey do their own research (DYOR) as price dey waka up and down.
Bullish
Big big buys of ETH by institutional wallets through FalconX and one Cumberland-linked address dey show say demand strong and exchange liquidity don tight. Dis kain big ETH gathering usually dey support upward price pressure for both short and long term. For short term, sudden whale buys fit trigger rally dem and reduce di supply wey dey for exchange, meanwhile for di long term, continuous accumulation mean say dem sure, e fit increase investor confidence and support beta outlook for Ethereum.