Ethereum’s market analysis – Whale actions, staking, and more… – BitRss

• Whale sentiment hit a 6-month high as addresses holding 1,000-10,000 ETH ($3,276.98) increased their positions
• ETH’s staking rate has climbed steadily from 26.25% to 28.4% since early 2024

In a significant shift reshaping Ethereum’s ownership landscape, whale addresses have expanded their control to approximately 43% of the total ETH supply. This marks a dramatic hike from a 22% share in early 2023, according to IntoTheBlock’s data.

In fact, large holders have accumulated over 330,000 ETH (Valued at more than $1 billion) in the past week alone, with many now leveraging staking opportunities to strengthen their positions. 

A dive into Ethereum’s whale behavior

When examining the Santiment index for addresses holding between 1,000-10,000 ETH, the concentration pattern becomes more pronounced.

The analysis showed it has reached its highest levels since August 2024. On-chain data also revealed that these addresses have maintained consistently high sentiment, despite market volatility – A sign of strong conviction in their accumulation strategy.