The whales of the cryptocurrency market continue to accumulate Ethereum despite the decline. Recent data showed that major Ethereum investors took another 947,940 ETH from the lows in yesterday’s trades. According to data provided by Santiment, the collective ETH purchase of Ethereum whales, which amounted to $ 1 billion, was recorded as the 5th largest amount of Ethereum bought in one day this year. On the other hand, while Ethereum fell 3% yesterday, it was seen that large investor purchases could not stop the decline.
“#Ethereum’s large whales (holding $10.9M to $1.09B) have added 947,940 more $ETH yesterday worth ~$1.03B. This is the 5th largest single day add in the past year. The past 4 instances, $ETH’s price vs. $BTC rose an average of +3.2% the following 3 days.”
Despite the falling trend, the group, which has $10 million to $1 billion in cryptocurrencies, continues to see the lows of ETH as an opportunity to buy. On the other hand, Ethereum continues to lose value against Bitcoin. ETH, which has performed worse than Bitcoin in recent days, has continued to decline throughout November, after recovering to 0.077 BTC at the beginning of the month, regressing to 0.069 BTC today.