[Urgent Interpretation] There is a major differentiation in the behavior of giant whales on Ethereum (ETH): Is this the biggest buy signal or a warning?

In August, the behavior of Ethereum giant whales was differentiated: the huge giant whales (holding more than 10,000 ETH) suspended their shareholding, and the large giant whales (holding 1,000-10,000 ETH) resumed buying. Institutions accelerate their layout, BlackRock and other ETFs and listed companies are actively holding positions, and Bitcoin giant whale has also turned to ETH. The outflow of on-chain ETH from exchanges increased, the inflow of ETF funds was strong, the ecosystem was supported but there was leverage risk, and it was optimistic for a long time, and the market was transformed to institutional-driven. In August, the core contradictions in the Ethereum market were concentrated on the differentiation of giant whales, while institutional funds accelerated their layout, brewing potential direction changes. The huge giant whale (holds more than 10,000 ETH) had a peak inflow of 2.2 million ETH in the first 30 days to promote the market, but it suspended its share increase in the second half of the month; the large giant whale (holds more than 10,000 ETH) resumed buying after selling, with a net inflow of 411,000 in 30 days. This divergence indicates a key turning point in the market. The institutional side is frequent, BlackRock ETHA holds 3 million ETH (accounting for 2.5% of the total supply), Grayscale ETHE manages 1.13 million ETH, and Fidelity FETH attracts 1.4 billion US dollars; listed companies are also actively allocating, BMNR holds 1.8 million ETH (valued by US$7.8 billion), SBET has acquired 797,700 ETH (valued by US$3.5 billion) since June, and mostly adopts a pledge strategy, with annualized returns of 3%-5%. The Bitcoin giant whale has made a clear turn. One giant whale that holds $5 billion in BTC has bought a total of $3.5 billion in pledged ETH, and the other BTC giant whale that has been silent for seven years has sold $430 million in BTC and purchased nearly $400 million in ETH, reflecting the rotation of capital towards Ethereum. The on-chain data released a positive signal. More than 500,000 ETHs flowed out of the exchange in a week, and the 10,000-100,000 ETH addresses increased by 4% after August 24, and accumulated 260,000 ETHs (US$1.14 billion) within 24 hours. The giant whale participating in the ICO is also suspected to increase its position. The ETF market performance was differentiated, with global Ethereum products flowing in $1.4 billion in weekly, the US market accounted for $2.29 billion, while Bitcoin ETF flowing out 751 million in August, and institutions preferring to tilt Ethereum. Ecologically, after Pectra upgraded, ETH issuance volume was net zero, 29.4% ETH was pledged, and Layer-2 reduced fees by 94%, consolidating long-term value. The risks remain, excessive leverage triggered the short liquidation of US$1.821 billion, and the top 10 addresses control 61% of the circulation, and regulatory fragmentation has not been completely resolved. In the long run, analysts predict that ETH may reach US$10,000 in 2026 and US$15,000 in 2030. The market is shifting from retail-driven to institutional-driven, and institutional funds are accumulating momentum for the next round of rise. [Note⚠️, cryptocurrencies are high-risk investments, and you may lose all your principal. If you don’t understand, it is recommended not to participate. This video does not have any investment advice, it is shared only as information] #Ethereum#ETH giant whale#ETH