Recently, I observed the on-chain movements of $ETH and $BTC and noticed an interesting phenomenon.
On the ETH side, the selling pressure is significantly lighter. Although the buying isn’t particularly strong either, it’s at least a bit more active than BTC. This situation has persisted for a while—it’s not just a matter of a day or two. But to be honest, overall trading volume remains relatively subdued. Even if there are funds accumulating ETH, the scale is simply not enough to move the spot price.
Judging from the behavior patterns, it’s highly likely that someone is gradually accumulating low-priced positions in batches. After all, at these price levels, it does present a relatively safe entry window for long-term players.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Recently, I observed the on-chain movements of $ETH and $BTC and noticed an interesting phenomenon.
On the ETH side, the selling pressure is significantly lighter. Although the buying isn’t particularly strong either, it’s at least a bit more active than BTC. This situation has persisted for a while—it’s not just a matter of a day or two. But to be honest, overall trading volume remains relatively subdued. Even if there are funds accumulating ETH, the scale is simply not enough to move the spot price.
Judging from the behavior patterns, it’s highly likely that someone is gradually accumulating low-priced positions in batches. After all, at these price levels, it does present a relatively safe entry window for long-term players.