Binance said that the big whale bought more than 50 million ethers at around 2300. What does this mean? There are about 120 million Ethereum in total. Excluding freezing, lock-up, pledge and other reasons, less than 100 million are in circulation, and 50 million are more than half in circulation. This shows that this price is the consensus range of all parties.

The purchase time is not recent, but cumulative purchases in this range. Because the recent trading volume cannot reach such a high turnover, if there is really a recent purchase of 50 million, the price must be above 5,000 dollars, not like this. So it is a cumulative purchase. This also shows the recognized price of large funds, which can be used as a reference for all spot holders. $ETH