Major cryptocurrency holders are strategically accumulating Ethereum, Chainlink, and Bitcoin, per on-chain data, amid retail selling pressure. Ethereum’s staking ratio hit 30%, locking over $120 billion. Bitmine Immersion staked 86,848 ETH worth $279.4 million, with a total of 1.77 million ETH at $5.65 billion. A new wallet withdrew $10 million in Ethereum, signaling high-conviction accumulation. Institutional accumulation reduces liquidity on exchanges, impacting market demand. Acquiring stakes allows entities to influence network governance and future upgrades. Altcoin funds drew in $2.17 billion, with a surge in Bitcoin and Ethereum investments. The top 100 Chainlink whales accumulated 16.1 million LINK, preparing for a potential price increase. Whales dominate spot market orders, while retail traders lead in the futures market, indicating a shift to long-term holders. Bitcoin sees increased institutional demand, with $53B added in U.S. custody wallets over the past year.

Read more at Yahoo Finance: Crypto Whales Accumulate as Retail Pulls Back