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While the market is still consolidating... the "big players" have already started moving.
Recently, the wallet billΞ.eth (@0xbilly) – a long-time builder in the Ethereum ecosystem – was discovered to have spent approximately 17.4 million USD to purchase over 7,700 ETH, at an average price around 2,200 USD.
Not only that, over the past 2 days there have been numerous large money flows quietly accumulating ETH, showing that whales are accumulating while the market trades sideways.
This could be one of the reasons why ETH has rallied slightly in recent days, as supply is gradually being absorbed from the market.
📊 Market history often shows:
Retail still doubting → Whales already accumulating.
The question now is:
Is this just a technical bounce... or is it an accumulation phase before a major rally in ETH?