According to @ai_9684xtpa, a major Ethereum ($ETH) whale has accumulated 12,136 ETH since March 2024, worth approximately $36.55 million, at an average cost of $3012 per ETH. Despite currently facing a paper loss of $3.32 million, the whale purchased 9,362 ETH at an average price of $3091 between March and May 2024, totaling $28.93 million. Recently, the whale swapped 120 WBTC for 2,774 ETH, valued at $7.6 million, indicating continued strong confidence in Ethereum.

According to @intotheblock, long-term BTC holders have been reducing their holdings throughout 2024. In May, there was a significant drop with 160,000 BTC, approximately $10 billion, sold. The selling slowed down somewhat in June, with 40,000 BTC leaving long-term holders' wallets.