Gate News bot news, although the current market structure of Ethereum resembles the double top pattern of 2021, a new report from CryptoQuant indicates that large investors (Whales) have not yet started to exit their positions - which is in stark contrast to the situation in the final stages of the last bull run cycle.
In 2021, as Ethereum approached its cyclical peak, the outflow of transactions surged sharply, indicating that long-term holders were cashing out. This was a significant warning sign at the time—but today’s data tells a different story.
According to CryptoQuant, the outflow of ETH in 2025 did not show a similar increase. Despite price fluctuations, Whales remain on-chain and hold their Ethereum.
This indicates that investors are confident in further price increases or are unwilling to exit prematurely against the backdrop of macroeconomic conditions and ETF tailwinds.
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CryptoQuant: Ethereum whales are still holding, and no exit signs have appeared.
Gate News bot news, although the current market structure of Ethereum resembles the double top pattern of 2021, a new report from CryptoQuant indicates that large investors (Whales) have not yet started to exit their positions - which is in stark contrast to the situation in the final stages of the last bull run cycle.
In 2021, as Ethereum approached its cyclical peak, the outflow of transactions surged sharply, indicating that long-term holders were cashing out. This was a significant warning sign at the time—but today’s data tells a different story.
According to CryptoQuant, the outflow of ETH in 2025 did not show a similar increase. Despite price fluctuations, Whales remain on-chain and hold their Ethereum.
This indicates that investors are confident in further price increases or are unwilling to exit prematurely against the backdrop of macroeconomic conditions and ETF tailwinds.