Data: The whale group holding 1,000 to 100,000 ETH has increased its holdings by 14% since April

ChainCatcher news, according to Cointelegraph, the cryptocurrency sentiment analysis platform Santiment indicates that since Ethereum hit its annual low, Ethereum whales have been increasing their buying power. In just 5 months, the amount of Ethereum held by the whale group holding between 1,000 to 100,000 ETH has increased by 14%.

Cryptocurrency market participants often observe whale activity to gauge sentiment, as sell-offs may signal bearishness, while accumulation may indicate bullishness and expectations for higher prices.