⚡️CryptoQuant data shows that in the past 3 months, the number of $ETH flowing into accumulation addresses has reached a new high—

“Accumulation addresses” refer to addresses that continuously buy over the long term but rarely or never sell, similar to diamond hands wallets, and are usually seen as long-term bullish or smart money.

Currently, ETH is not at an all-time high and has just gone through a round of correction,

but the scale of inflows at this stage is the most intense and sustained in history, indicating that a large amount of capital is quietly building positions at the current price level.

This is higher than the inflow peaks before the bull markets of 2018 and 2021, and even surpasses the enthusiasm during the DeFi summer of 2020 and the start of ETH staking.

What does such typical accumulation behavior indicate? What are the holders betting on? 👀

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