ETH institutional funds continue to flow in: Fidelity up the ante 250 million dollars, and whales on the chain frequently buy

The Ethereum market has recently seen significant inflows of funds, and the active levels of institutions and whales continue to rise. According to Arkham's monitoring, Fidelity purchased $250 million worth of ETH last week, accounting for 16% of its historical inflows, indicating the long-term optimism of traditional financial giants towards ETH.

 

Meanwhile, according to Spot On Chain data, 9 hours ago, an institution withdrew 4,502 ETH from Binance through two multi-signature wallets, with an average price of about $3,895 and a total value of $17.54 million. These ETH were subsequently pledged to Kelp DAO, and as the ETH price rebounded above $4,000, the position increased by $517,000 (+ 3%) in a short period of time.

 

In addition, according to Lookonchain monitoring, a whale with $134 million in assets has bought $12.55 million of LINK (429,999) and $6.30 million of ETH (1,600) from the exchange in the past 48 hours. This series of large-scale on-chain operations highlights the core position of Ethereum in institutional and whale asset allocation, and further reflects the market's confidence in the future performance of ETH.