During the market downturn, whales and institutions are still accumulating ETH, with a total of 47,500 ETH worth approximately $182 millions.

Foresight News reported, according to monitoring by Lookonchain, that during the market downturn, whales and institutions are still accumulating ETH. Two new wallets (possibly belonging to Bitmine) withdrew 33,323 ETH, worth approximately $126 millions, from FalconX and an exchange. In addition, an OTC whale purchased 14,165 ETH, worth about $55.5 millions, through FalconX, an exchange, and Wintermute.