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🐋 Ethereum (ETH) Confidence Soars Among Large Whales 🐋
📈 Big Bullish Driver
🚀 Large Ethereum whales are betting big on ETH! Recent data from IntoTheBlock shows these big players are intensifying their ETH accumulation.
📊 Whale ETH Accumulation Speeds Up
1️⃣ 41% of ETH Supply: Wallets holding more than 1% of ETH supply now own 41% of the total. That's up from 36% at the start of the year, showing increasing confidence among large holders.
🌟 Key Driver: The recent approval of spot Ethereum ETFs is boosting whale confidence. The SEC's final decision is expected later in June.
📅 Quick Approval: Unlike Bitcoin ETFs, which took almost a year, Ethereum ETFs were approved much faster after removing the ETH staking option from applications.
🔍 Bullish ETH Forecast vs. Bitcoin
2️⃣ Bearish BTC: With Mt. Gox set to release $9.6 billion worth of Bitcoin, there's a potential for BTC supply to increase significantly.
3️⃣ Bullish ETH: QCP Capital is optimistic about ETH, expecting spot Ethereum ETFs to start trading earlier than anticipated in June.
💬 Comments: Stay tuned for more crypto insights! 👍
📢 Disclaimer: This post is for informational purposes only and should not be considered financial advice.
