Whales going on long this crypto as market recovers

Large crypto investors are positioning heavily into Ethereum (ETH) as the broader digital asset market shows early signs of stabilizing after a recent downturn. To this end, on-chain data indicates that multiple high-performing Ethereum wallets, known to track smart institutional-level capital, have entered significant long positions, pointing to renewed confidence in the second-largest cryptocurrency. Data shows that select whale wallets have collectively accumulated more than 136,000 ETH, with exposure exceeding half a billion dollars. One large wallet now holds over $169 million worth of ETH in long positions, while another has added around $194 million, with a third wallet entering with more than $62 million, according to the latest on-chain data retrieved by Finbold from Lookonchain on December 8 source: https://finbold.com/whales-going-on-long-this-crypto-as-market-recovers/