# Whales All Increasing Holdings! ETH On-Chain Funds Collectively Bullish in Recent Month

According to Cointime, a suspected Erik Voorhees-related DCA whale purchased an additional 114,424 ETH early this morning, spending approximately 30.72 million USDT. This address group has accumulated a total of 117,800 ETH across 6 wallets with a total cost of 253 million USDT and an average price of $2,149. In the recent month, the ETH market showed a pattern dominated by increased holdings with sporadic reductions, with institutions and top whales firmly positioning themselves.

## Major Whales Increasing Holdings Over Recent Month (Core List)

1. **DCA Whale (Suspected Erik Voorhees Affiliate)**: Accumulated 117,800 ETH, average price $2,149, continuous DCA accumulation

2. **BitMine Immersion**: Increased holdings by 50,900 ETH, total position raised to 4.4736 million ETH, strategic long-term allocation

3. **Whale 0x8E3**: Increased holdings by 80,219 ETH within 5 days, valued at $166.76 million, distributed across multiple addresses

4. **Whale 0xFB7**: Multiple accumulations, total holdings reached 150,572 ETH, synchronized allocation of ETH and cbBTC

5. **Institution-Related Address 0xa5b0**: Increased holdings by 6,000 ETH around $2,300, picking up at low positions

6. **Whale 0x7673/0xBA9A**: Increased holdings by 5,350 ETH, average price $2,043, returning to market for accumulation

## Major Selling Parties Over Recent Month (Small Volume, Non-Trend)

1. **Vitalik Buterin**: Phased reductions for ecosystem support, not bearish

2. **FG Nexus**: Reduced 7,550 ETH, financial rebalancing

3. **Whale 0xEAD**: Sold 23,924 ETH, subsequently reversed to long positions after cashing out

4. **Bottom-Fishing Whale**: Reduced 12,000 ETH, minor profit-taking

Overall, increased holdings significantly exceed reductions, with DCA investors, institutions, and established whales entering simultaneously, highlighting a consensus bullish outlook on ETH's medium to long-term value. Market liquidity remains consistently strong.

$ETH