| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107237.7700000000 |
| ETH | $2427.9560000000 |
| BNB | $647.1294000000 |
| XRP | $2.1777290000 |
| ADA | $0.5631596000 |
| SOL | $149.7601000000 |
| DOGE | $N/A |
| DOT | $3.3877000000 |
| LTC | $85.9174000000 |
| LINK | $13.3316700000 |
Category: CRYPTO NEWS
The post World Liberty Finance – Yet Another Institutional Buyer Accumulating Ethereum appeared on BitcoinEthereumNews.com. Ethereum price action has been trading sideways recently, indicating investor uncertainty about its next directional move. Despite this, significant institutional activity continues to play out, especially with Trump-related World Liberty Finance (WLFI). Recent reports revealed that WLFI is among the institutional investors that are buying ETH at its discounted prices. This observation is important because WLFI has been at the forefront of crypto trends over the last few weeks. Reports reveal that WLFI has acquired 1,917 ETH worth 5 million USDC. Could this signal that institutions are taking advantage of the latest Ethereum price discount? Source: X Large holder flows record positive movements despite Ethereum price stagnation – Advertisement – The recent WLFI aligns with recent market observations. For starters, large holder inflows were higher on Tuesday at 573,310 ETH compared to 509,570 ETH in large holder outflows. The higher large holder inflows confirm that whales contributed more demand than sell pressure on Tuesday. However, this was not an isolated observation. According to IntoTheBlock, ETH large holder flows have been positive sine 5 February. Ethereum large holder net flows/ source: IntoTheBlock This confirms that large holders have been demonstrating significant interest in ETH in the last 7 days. This is a good sign indicating that investors see the latest price dip as an opportunity. Historical concentration data revealed that whale balances grew from 61.67 million ETH on 1 February to 61.92 million ETH as of 10 February. They have acquired roughly 250,000 ETH which at current price point equate to $164.3 million at press time. Why Ethereum Price is Still Struggling to Gain Bullish Traction The amount that whales have bought so far since the start of February is relatively low in the grand scheme of things. It may explain why Ethereum price has struggled to bounce back from its…
2025-02-13T04:42:28+00:00