According to Deep Tide TechFlow, on December 17, the latest data from the on-chain data analysis platform Santiment shows that the number of whale wallets holding more than 100,000 ETH has reached 104, accounting for 57.35% of the ETH supply, worth approximately $33.31 billion.
Meanwhile, the proportion of wallets holding 100-100,000 ETH has fallen to a historic low of 33.46%, while the proportion of wallets holding less than 100 ETH has dropped to a nearly four-year low of 9.19%.
Santiment points out that although some large wallets come from DeFi and staking activities, the continued accumulation by major holders is still seen as a long-term bullish signal.
