Analyst: ETH Whale Group Absorbed All Market Selling Pressure in Last 30 Days, but Short-Term Long/Short Game May Intensify

By: theblockbeats.news|2025/08/09 15:41:57

BlockBeats News, August 9th, on-chain data analyst Murphy posted data on social media claiming that the current ETH on-chain structure is "very healthy" and is also showing a very clear trend of "de-retailization." In the past 30 days:

· The Shark group (holding 100-1k ETH) has reduced its total holdings by 309k ETH

· The Whale group (holding 1k-10k ETH) has reduced its total holdings by 698k ETH

· The Mega Whale group (holding 10k+ ETH) has increased its total holdings by 2.1m ETH

Murphy further stated that not only did the Mega Whale group's increased holdings fully cover the above two distribution-focused groups, but it also absorbed chips sold by smaller fish and shrimp groups. Currently, there are still no signs of a significant reduction in the large volume of chips stacked in the $2,500-$2,800 range. With more and more traditional capital entering the market, if this trend of Mega Whale chip absorption continues, ETH is bullish in the medium to long term.

However, for investors chasing highs, the situation is slightly risky. In the short term, ETH's price and realized profit (RP) are forming a strong deviation, with the logic behind it being that due to the reduction in long-term high-profit chips turnover, gradually shifting to short-term chips' bull-bear game, resulting in a situation where the price is higher but the realized profit is lower. RP's deviation and OI's new high are the most significant manifestations of ETH's short-term bull-bear game intensification in the data.

-- Price

AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.

Vitalik wrote a proposal teaching you how to secretly use AI large models

Vitalik believes that in the AI era, users should not have to give up their identity to use an AI tool.

On the eve of the explosion of on-chain options

Options are becoming a new anchor in the cryptocurrency market.

WEEX AI Hackathon: How Did This AI Trading Winner Succeed?

A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.

One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition

Forty years ago, a technological revolution broke the isolation of information, reshaping Wall Street. Forty years later, Grvt aims to break the isolation of capital with an on-chain prime brokerage model.

That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze

A skilled person never picks the table, they eat meat with every bite.

Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path

When the Baby Boomer generation collectively sells off, who will be the "bag holder" in the next asset crash?

Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"

「Lobster」 may not be a mature product yet, but it has already ushered in a new era of 「AI Assistants」.

Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments

Stablecoins are transitioning from a speculative tool to real financial scenarios such as payments, cross-border transfers, and store of value.

From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units

When the same unit can both measure hashing power and facilitate payments, it ceases to be just a term and begins to evolve into a new currency of both value and influence.