logo

Glassnode: Whale Holding Over 10k ETH Accelerates Accumulation, Recent Volatility Forms Accumulation Zone Around $2500

By: theblockbeats.news|2025/07/09 15:41:53
0
Share
copy

BlockBeats News, July 9th, according to Glassnode data, whales holding at least 10,000 ETH are accelerating their accumulation, at a pace even faster than before the 95% surge in ETH in mid-2022.

As of this Monday, the total amount of ETH held by these whales has rebounded from a historic low of 37.56 million in October 2024 to 41.06 million, an increase of 9.31%. This growth rate is nearly twice as fast as during May to September 2022 (when the ETH price rose from around $1,000 to $1,950).

A similar situation occurred from November 2020 to January 2021, when whale holdings increased by 4%, and the ETH price surged from $460 to $1,220. History shows that whales often start accumulating before a full market takeoff.

Glassnode data indicates that the $2,500-2,536 range is the strongest accumulation area recently, with over 3.45 million ETH concentrated at this cost basis, forming a key support level.

-- Price

--

You may also like

Why a Million-Follower Crypto KOL Chooses WEEX VIP?

Discover why top crypto KOL Carl Moon partnered with WEEX. Explore the WEEX VIP ecosystem, 1,000 BTC protection fund, and exclusive rewards for serious traders.

CoinEx Founder: The Crypto Endgame in My Eyes

The industry will not disappear, but it will shrink significantly.

Spark Coin (SPK): Explodes 73% as Aave Bleeds $15B, A Good Investment Now?

Spark coin (SPK) surged 73% as $15 billion fled Aave after the KelpDAO hack. This article explains what Spark is, why it’s pumping, and whether it is a good investment right now.

As Aave's building collapses, Spark's high-rise is rising

The growth of Spark's TVL is essentially a redistribution of existing capital in DeFi among protocols, rather than new capital entering the market. The "cake" of the entire industry has shrunk in the short term, and no one can remain unaffected.

RootData: Q1 2026 Cryptocurrency Exchange Transparency Research Report

In this report, Binance continues to rank first with the highest trading volume and wealth potential, while OKX has risen to second place as one of the few exchanges with an increase in trading volume this month.

What Is Memecoin Trading? A Beginner's Guide to How It Works, the Risks, and 2026's Hottest Tokens

Memecoins surged 30%+ at the start of 2026 while Bitcoin was flat. RAVE spiked 4,500% then crashed 90% in days. MAGA jumped 350% overnight. This guide explains exactly how memecoin trading works — and how to not blow up your account doing it.

Contents

Popular coins

Latest Crypto News

Read more