CandleFocus Ethereum whales bought $254m ETH despite rise in exchange inflows
2024-10-16
Author: Content Editor
Ethereum whales have been accumulating the cryptocurrency as it surged above the $2,600 mark, despite an increase in exchange inflows. Data from IntoTheBlock shows that Ethereum large holders have nearly doubled their inflow over the past week, indicating accumulation. However, there has also been an increase in short-term profit-taking, as evidenced by the shift in Ethereum exchange net flows from outflow to inflow. On-chain data shows an exchange net inflow of $8.88 million for ETH over the past week. Despite this, ETH is still trading above $2,600 and has a market cap of $313 billion. The lack of a strong catalyst and poor performance of U.S.-based spot ETH exchange-traded funds suggest that Ethereum's upward momentum may be limited.
Related News
Dogecoin price prediction: Analyst hints DOGE could hit $10 Shiba Inu (SHIB) Charts Suggest Potential for Larger Upward Diagonal REDACTED Hackathon Set to Drive Global Cryptocurrency Adoption with $1 Million Prize Pool Bitcoin’s False Dichotomy between SoV and MoE NEIRO Eyes 55% Drop as Buyers’ Exhaustion Sets In Here's How This New Proposal could impact Uniswap (UNI) Price Bitcoin Tops High-Volume Resistance Near $68K: Technical Analysis Assange Family to Join Lugano’s Third Plan ₿ Forum To Discuss Freedom of Speech MicroStrategy's Saylor Responds to Elon Musk's Crucial Post With Bitcoin Message Coinbase Premium Index Negative Amid High ETF Inflows Bitcoin jumps 8% in 48 hours: is a market reversal on the horizon? Uptober: Indicators suggest the 2024 crypto bull market is back MicroStrategy's Saylor Receives Bitcoin Advice From Peter Schiff Competition Between Bitcoin and Dollar Is Ending! Analysts Said Inverse Correlation May Be Broken, Shared Bullish Signal for Both BTC and Dollar! Altcoin Surge: LTC, BSV, BEAM, SOL, and ARB Lead the Way How Many USDT Users Are There? Can XRP Price Survive If Tesla Dumps 11,500 BTC? $500 Million Bitcoin in 24 Hours: ETFs Waking Up Worldcoin Breakout Targets $3.50: Will It Surpass the 200-Day EMA? Here are Cryptocurrency Networks with the Biggest Growth in the Last One Month – Surprise at the Top of the List What is layer-1 in crypto? What is a layer-1 blockchain? Rest in peace, profile pictures. Long live NFTs! | Opinion Moo Deng falls more than 22% after market debut with ‘meteoric rise’ Italy plans to raise capital gains tax on bitcoin from 26% to 42%: report AI Tokens Show Signs of Outperforming Meme Coins Crypto Exchange Listing and Delisting Announcements: October 14, 2024 Bitcoin Price Faces Correction Risk as Open Interest Surges Amid Low Trading Volume Crypto Stakeholders Support Donald Trump Presidential Bid with Bitcoin, Ethereum, XRP Donation Worth $7.5M Hong Kong’s HashKey postpones HSK token launch due to ‘temporary market downturn’ Solana (SOL) 18% Monthly Gain Now Hangs in the Balance Heightened Crowd Sentiment for Bitcoin at $79K Signals Likely Major Correction: Analysis Crypto phishing scammers target investors chasing Trump-backed WLFI tokens Analyst Predicts Number of Days In XRP Breakout, Sets $7.5 Price Target JPMorgan Draws a Bullish Scenario for the Cryptocurrency Market: Here’s What They Expect First major step taken toward XRP ETFs: CME director MARA: Largest Bitcoin Miner on Wall Street Unlocks $200M BTC-Backed Credit Line Litecoin Targets $100 in a Rising Channel as Bitcoin Surpasses $67K Marc Andreessen gave an AI agent $50,000 of bitcoin — it endorsed GOAT Cross-Chain Innovation: Allbridge Introduces USDt Pool on Solana Ecosystem Ripple CEO Breaks Silence on Ripple USD (RLUSD) Stablecoin Ahead of Launch Whales pile into ENA as token rallies over 96% in 30 days Cardano (ADA) Price Trend Hints 'Uptober' Yet to Start Bitcoin Whales Keep Accumulating Amid Market Volatility Toncoin (TON) Bears Eye 30-Day Low as Price Risks 15% Correction Bitcoin profit-taking nears $74K peak as speculators send Binance $500M Fantom Targets $1 After Surpassing Key Fibonacci Level Venture Capitalist Calls SEC Chair Gensler the Worst Regulator in Crypto History OKX Announced Both Listing and Delisting! Here Are the 17 Altcoins Affected! Open Interest on CME Bitcoin Futures Hits All-Time High, Signals Further Bullishness DOGE Founder Reveals: Does He Still Own Dogecoin? Every Web3 Project Will ‘Have a Telegram Compliment,’ Animoca CEO Says SEC Charges Individual Behind Saitama Inu Meme Coin Launch Bitcoin Exchange Binance Announces New Altcoin Listing! Here Are the Details Ripple President Confirms Plans to Use XRP and RLUSD in Ripple Payment Solution Runes Activity Rebounds: Bitcoin Transaction Fees Hit Multi-Month Record Highs Financial Expert Reveals ONLY XRP Retirement Strategy You Need Ethereum whales bought $254m ETH despite rise in exchange inflows Litecoin rallies 11% amid spot ETF application and improving market sentiment Bitcoin Exchange Binance Has Made Changes to This Altcoin's Margin Trading! Here Are the Details Bitfinex Hacker Faces 5 Years, Prosecutors Seek to Deter Crypto Crime What’s next for Fantom (FTM) price as whale transactions jump 1,000% Will Bitcoin surpass $100,000 by 2024 in view of the American elections? Chainlink and Polygon Investors are Flocking to These Emerging Altcoins Alchemy Pay Partners with Yellow Card to Revolutionize Crypto Access Across Africa Warren Says Political Rival Deaton Will 'Fight for Crypto' if Elected to Replace Her in the Senate Aptos Forecasts Show Potential Surge to over $95 Amid Wave 3 US spot Bitcoin ETFs hit $1 billion in three days, BlackRock and Fidelity lead SingularityDAO Announces Token Merger for AI Economy’s Real World Assets ‘Lights Go Mega Green’ – Trader Unveils Massive Price Target for Bitcoin Following Abrupt BTC Rally Cosmos cofounder blames Iqlusion's Zaki Manian for North Korea-linked security risks in network's liquid staking module TIA Token Faces Price Drop Amid Celestia’s Shwap Upgrade Launch Crypto price predictions: Avalanche, Sei, Shiba Inu, Turbo Dogecoin Price At Risk As DOGE's Adoption Continues To Decline Solana's Wukong Telegram Mini Game Officially Live! Hong Kong to issue more VASP permits as South Korea tightens rules Here is Shiba Inu Price if its Market Cap Hits $5T or $10T These 3 Altcoins Are Poised for Growth as Central Banks Explore Digital Currencies List of the Biggest Bitcoin Holders Updated – Satoshi Nakamoto Could Fall to Second Place XRP climbs above $0.54 as Ripple announces exchange partners for Ripple USD stablecoin Top PolitiFi Coins Buck Market Trend, Suffer Pullback Bitcoin dominance hits 3.5-year high as altcoins get left behind Storj Team Deposits 5M Tokens Worth $3M Amid 24% Jump VP Harris’s latest crypto comments fall short on details Japan’s Metaplanet rolls up bitcoin put options for additional revenue Bitcoin's Inverse Ties With Dollar Index Challenged as U.S. Election Looms Dubai's VARA Has Struck Correct Balance in Licensing Time Frame, Says Senior Official Litecoin (LTC) Jumps 10%: Can the Bulls Fuel a Bigger Rally? Stablecoin usage surged in Q3 as market cap hits $170b: Coinbase As Bitcoin Tops $66K, Fear & Greed Index Moves To Neutral—What’s Next? Looking to Trade in Europe? These 5 Crypto Exchanges Are Leading the Market in 2024 Indian Police Crush 'Goldcoat Solar' Fraud — Binance Aids in Crypto Seizure Ripple (XRP) Price Prediction for This Week Massive Crypto Whale With ‘100% Win Rate’ Adds 101 Billion PEPE Tokens After Four-Month Hiatus Explore Five Memecoins Gaining Momentum on Sui Network Trump’s odds of winning now leads 16% over Harris on Polymarket Trump-backed platform’s crypto token sale flatlines at $10M amid site jitters Neiro Coin Blows Up 4,608%—Can It Sustain The Momentum? WIF Primed for a 30% Breakout: Should Investors Take the Plunge? Bitcoin Bull Pennant Unfolds: A Breakout Rally Approaching? Metis Integrates Chainlink CCIP for Cross-Chain Innovation Congress lacking crypto education will lead to ‘bad laws’ — Coinbase CSO Bitwise CIO Predicts Bitcoin Could Hit New ATH Before US Election Shiba Inu (SHIB) Price Prediction for This Week ENA Leaps 33% With New Proposals: Is $0.50 Within Reach? SOL Price to Crash As FTX Unstakes Over 178K Solana? XRP Price Nearing Breakout: Can It Finally Push Higher? Bitcoin cuts out predatory banking, empowers the unbanked, says pro-XRP attorney John Deaton Ethereum Bulls Set Sights on $3K: Is a Rally Coming? 'Crypto is the future' Trump proclaims as World Liberty Financial generates just $9 million in first-day WLFI token sales Ethereum Investor Makes Millions of Dollars Profit Within a Month Ethereum Remains Dominant DEX Chain Despite Dominance Dip: CoinGecko Worldcoin (WLD) Price Hits 5-Month High, Bullish Breakout Coming? Natural disasters wreck FinTech infrastructure, proving cash is still king Bitcoin Price Gains Steam: Is a New Surge on the Horizon? Total DEX Trading Volume Hits $39.4B, Uniswap Dominates with $10.44B Kraken Launches Restaking on Ethereum-Based Protocol EigenLayer Crypto Analyst Identifies Bull Flag That Could Send Solana Price To $1,400 On-Chain Metrics Reveal Bitcoin Demand Is Growing – Can BTC Break ATHs In Q4? AI Bot Pumps Meme Coin 7,000% Following $50,000 Gift from Billionaire Marc Andreessen Tesla shifts entire $765M Bitcoin holdings, sparking strategy speculation Stellar announces a new partnership with Mastercard to integrate the Crypto Credential system into its network Ethereum (ETH) Makes Biggest Comeback in Q4, Shiba Inu (SHIB) to Enter New Bullish Market Phase, Solana (SOL) Doubletop Pattern Incoming? Coinbase presses U.S. Court to compel SEC to release crypto classification documents Over $41M lost to phishing attacks so far this October AI-focused crypto projects soar with 500% funding rise in Q3 amidst overall VC pullback Uniswap Leads the Pack As DEX Web Traffic Surges in the Last Month: Phoenix Decentralized eSIMs Promise Anonymous Global Connectivity Bitcoin open interest hits record $19.8B, signaling bullish sentiment among investors Polymarket: Trump’s lead over Harris up to 15% Canary Capital files S-1 application for first spot Litecoin ETF in the US XRP ETF: Expert Reveals What Will Increase The Odds For A US SEC Approval Crypto Analyst Says Outsized Move Down in Sight for Memecoins PEPE and WIF – Here Are His Targets Donald Trump's World Liberty Financial Launches WLFI Token Public Sale Coinbase Ending Direct Crypto Paycheck Feature, New Wallet Integration In the Works Blockstream Closes $210,000,000 in Funding To Accelerate Development ‘Ahead of Next Bitcoin Cycle’