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On-chain data shows the large Ethereum investors have been adding to their holdings recently, a sign that could be bullish for the ETH price.
Ethereum Large Holders Netflow Has Turned Positive Recently
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In a new post on X, the market intelligence platform IntoTheBlock has talked about the trend in the Large Holders Netflow for Ethereum. This metric measures the net amount of the cryptocurrency that’s moving into or out of the wallets controlled by the Large Holders.
The analytics firm defines three categories for investors: Retail, Investors, and Whales. Members of Retail hold less than 0.1% of the supply in their balance, that of Investors between 0.1% and 1%, and that
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