Large Wallets Buy ETH as Price Falls Below $1,800
Onchain swaps indicate large holders buying into the recent slide, while exchange withdrawals do not establish new purchases.
Large wallets have been buying into the slide as the price of Ethereum fell below $1,800, according to onchain data. Onchain swaps show some large holders accumulating the asset during the downturn.
Onchain Swaps and Exchange Data
Instant Telegram notifications for large on-chain moves.
While swap data points to buying activity among large holders, exchange withdrawals tracked in Lookonchain's tally do not establish that new purchases are taking place, according to the report.
Key facts
- Large wallets bought into the slide as the price fell below $1,800.
- Onchain swaps reveal buying activity by some large holders.
- Lookonchain's exchange withdrawal tally does not establish new purchases.
Source: thedefiant.io
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