Whale accumulation in ETH has intensified. Currently, 41% of the $ETH supply is held by addresses with more than 1% of the total supply, up from 36% at the start of the year. This trend highlights increasing confidence among large holders. pic.twitter.com/GEvADO13k5QCP: Bearish BTC – potential supply from Mt. Gox distribution (~$9.6b) and also from DMM hack (~$305m). Bullish ETH – ETH spot ETFs could start trading earlier than expected in June with the SEC urging applicants to submit S-1 forms by 31 May. A sleepy market may get caught…
