2.8M ETH flow into accumulation wallets, exchange reserves drop amid price downturn

Ethereum’s ETH holding structure is shifting during the latest market ￰0￱ the past month more than 2.8M ETH shifted to accumulation wallets while exchanges further depleted their ￰1￱ September more ETH kept flowing into accumulation addresses

with up to 2.8M added to the balance since late ￰2￱ balance on accumulation addresses kept going vertical reaching close to 28.6M ￰3￱ past week saw significant additions to the balance of those addresses with 400K ETH moved in a single ￰4￱ did not stop despite the ETH liquidation cascade which caused the biggest deleveraging events since the spring of ￰5￱ day was also marked by another BitMine treasury purchase

adding more than 209K ETH to the ￰6￱ addresses may include ETH institutions or funds In the past week large-scale inflows to accumulation addresses included a day when whales bought up 1.2M ￰7￱ scale of buying suggests some of the accumulation addresses may belong to institutions funds or other strategic accumulators

making a long-term bet on ￰8￱ addresses also feel limited pressure to sell as their realized price so far is below the current market ￰9￱ accumulation wallets are also known as no-sell addresses with most dedicated to long-term ￰10￱ reserves of Coinbase Advanced were depleted in the past three months as institutions and funds accumulated ETH. |