Whale bought 74,000 ETH in 10 hours, continuous large purchases may indicate a long-term bullish outlook.

Data monitoring shows that there has been a large-scale buying behavior in the Ethereum market recently. In the past 10 hours, three new large-cap accounts have purchased a total of 74,207 ETH, with a total value of approximately $273 million. This trend continues the accumulation trend that began on the 9th of this month. According to statistics, since then, a total of 8 newly established large accounts have cumulatively bought 540,460 ETH, with a total value close to $2 billion.

This series of large-scale buying activities has attracted widespread attention in the market. Analysts point out that such a large-scale concentration of ETH purchases may indicate that institutional investors are optimistic about the long-term prospects of the Ethereum ecosystem. However, there are also views that this high concentration of buying may have a short-term impact on the price trend of ETH.

As these large transactions occur, the Ethereum community is closely monitoring the subsequent movements of these emerging accounts and their potential impact on the ETH market. Market participants generally believe that continuously tracking the trading behavior of these large accounts helps to better understand the current flow of funds and investor sentiment in the cryptocurrency market.