In a move that reflects institutional confidence in Ethereum, a major OTC whale has deployed a significant accumulation strategy. In just the last six hours, this address acquired an additional 20,000 ETH, a transaction valued at approximately $56.13 million according to Foresight News. The buying momentum intensifies when looking at the broader picture: over the past five days, the same whale has accumulated a total of 70,013 ETH, equivalent to around $203.6 million. This sustained accumulation pattern suggests a strategic stance amid the current Ethereum market, with institutional operators demonstrating interest in maintaining exposure to ETH through OTC channels. The volume of these collective purchases underscores the importance that major market players assign to the Ethereum ecosystem in the current context.
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In a move that reflects institutional confidence in Ethereum, a major OTC whale has deployed a significant accumulation strategy. In just the last six hours, this address acquired an additional 20,000 ETH, a transaction valued at approximately $56.13 million according to Foresight News. The buying momentum intensifies when looking at the broader picture: over the past five days, the same whale has accumulated a total of 70,013 ETH, equivalent to around $203.6 million. This sustained accumulation pattern suggests a strategic stance amid the current Ethereum market, with institutional operators demonstrating interest in maintaining exposure to ETH through OTC channels. The volume of these collective purchases underscores the importance that major market players assign to the Ethereum ecosystem in the current context.