đ¨ What Crypto Whales Are Buying After the Black Monday Crash
Crypto whales are making quiet moves in Ethereum (ETH) and Optimism (OP), while accumulation remains stagnantâor even negativeâacross most other major coins. Between April 4 and 6, both ETH and OP saw a notable increase in large wallet holders despite a harsh market correction.
This behavior often signals early confidence from institutional players, hinting at potential reversals ahead. With ETH nearing $1,400 and OP trading at three-year lows, the next few days could be pivotal if whale accumulation translates into renewed bullish momentum.
đEthereum (ETH)
Between April 5 and April 6, crypto whales accumulated ETH. The number of Ethereum whale walletsâthose holding between 1,000 and 10,000 ETHâincreased from 5,340 to 5,388, signaling a quiet accumulation phase during the broader market correction.
The recent uptick in whale activity suggests some optimism beneath the surface. If momentum shifts and ETH manages to reclaim $1,748, it could rise further toward $1,938 and, with a strong enough rally, even retest the $2,000 markârestoring a key psychological and technical level for bulls.
âŚď¸Optimism (OP)
The number of Optimism whale walletsâholding between 10,000 and 1,000,000 OPârose from 4,138 on April 4 to 4,151 on April 6, suggesting that large holders are accumulating despite the ongoing market correction.
Currently trading near its lowest levels in nearly three years, OP is under significant downward pressure. If the correction persists, the token could break below the $0.50 support level.