This week, intotheblock on CMCAlexandria breaks down who exactly has been buying the latest market dump 👇
brings you on-chain analysis of top news stories in the crypto space. Leveraging blockchain’s public nature, IntoTheBlock’s machine learning algorithms extract key data that provide a deeper dive into the major developments in the industry.
The indicator shows how — in the recent price correction — those that have been holding for more than one year are those that have been accumulating the most ETH, with a total of 52.39M ETH accumulated so far. This is the group with the biggest balance of ETH, which now accounts for 44.51% total amount of addresses with ETH balance.
It is equally interesting to classify the purchasing power of the group that has been accumulating the most ETH in this price dump. Theinstead of counting addresses, counts the balance that each address has. In this way, the total amount of ETH can be classified in several groups depending on how much ETH they are holding.
The group with 1 to 10 ETH has been the most predominant, but also other “whale” groups like those addresses with more than 1M ETH or the group with balance between 10k and 100K ETH have been simultaneously accumulating. This transfer has been at the expense of other groups, marked in red.most of the wallets with the largest balances continue to decrease their balance in distribution phases
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