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Large Ethereum holders added roughly $950 million to their positions as sentiment around a potential market bottom began building, according to a Yahoo Finance report.
The same report, however, flagged a material hole in the bullish narrative — a caveat that complicates any straightforward reading of the on-chain activity.
What the Whale Data Shows The $950 million figure refers to net buying by large $ETH holders, the cohort typically tracked by on-chain analytics firms as a proxy for so-called smart money conviction.
Whale accumulation is frequently cited during drawdowns as a signal that well-capitalized participants are positioning for recovery, and that framing has driven a wave of bottom-calling commentary around this particular data point.
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