A wallet connected to DeFiance Capital purchased 30,366 ETH, worth 114 million USD, in roughly 28 hours, which was highlighted by Lookonchain amid a market pullback.
While retail investors are pulling back, evidence shows institutions are actively buying, particularly in Ethereum ETFs, which have recorded consistent net inflows recently.
Despite a bearish market sentiment, substantial holders are accumulating ETH. A trader known as TheWhiteWhaleHL maintains a long position of 48,405 ETH, showcasing confidence in future price recovery.
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