2026-01-12 19:34:06

The average cost basis of long-term ETH holders continues to rise, reflecting an interesting phenomenon. According to on-chain data, the exit prices of large holders are steadily increasing, and this accumulation trend has remained quite stable through various market stress tests.

But the question is—can this trend be maintained under the impact of liquidity changes and market structure adjustments? From the perspective of the rising position cost line, long-term participants are clearly continuing to add positions. Will the supply pressure in the market keep pace with this accumulation, or has market liquidity already begun to tilt in favor of holders? These details may determine the upcoming market rhythm.

ETH0,36%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

18 Likes

Reward
18
10
Repost
Share

Comment

0/400

HappyToBeDumped

· 01-15 17:46

Large investors are increasing their positions, but I feel like I'm just taking the hit. --- The average cost price is soaring, what does that mean? Someone is bottom-fishing, or they’re just trapped. --- Is liquidity really shifting towards holders? I feel like it’s reversing... --- Supply pressure can’t keep up with the accumulation pace, so shouldn’t it rise? But who would believe that? --- Large investors steadily adding to their positions, which results in a lot of uncertainty for us. Interesting. --- Can we hold this wave? It depends on whether someone will take over next. --- The cost basis of holdings keeps rising, sounds stable, but I just don’t feel at ease. --- The question is, when will the market structure adjust? Nobody knows, right? --- Long-term participants are adding to their positions, which means there’s still room below?

View OriginalReply0

IronHeadMiner

· 01-15 16:59

Large holders are adding positions, and the cost basis is rising. Is this move truly based on understanding or just looking good on the data? --- Honestly, if supply pressure can't be kept up, this beautiful accumulation trend could also be quite fragile. --- Is liquidity tilt favorable to holders? Then shorts must be suffering badly. Let's keep watching. --- The average cost is still rising. Are these long-term investors really not afraid of a dip, or have they already flattened their mindset? --- The key still depends on when liquidity will truly shift. Otherwise, this upward movement might just be an illusion.

View OriginalReply0

OnchainFortuneTeller

· 01-15 16:35

Large traders are building positions, indicating they are not afraid. But can this liquidity really hold up? The real test is still to come. Honestly, it all depends on whether the supply side can keep up. This wave of adding positions is quite aggressive, feeling like they’re holding back a big move. The cost basis keeps rising; either they’ve bet on the right direction, or they’re just taking over the positions. The key is liquidity—that’s what determines life or death. Long-term participants are placing their bets, what about you? The pace of accumulation is so fierce that the market structure will definitely change. The actions of big traders never lie; it all depends on whether you dare to follow. If it can withstand this kind of stress test, what does that say? Something worth pondering.

View OriginalReply0

SnapshotDayLaborer

· 01-15 10:22

The big players are still aggressively increasing their positions. This move is quite fierce.

View OriginalReply0

BlockchainTherapist

· 01-12 20:02

The big players' bottom-buying prices keep rising, indicating one thing — the cost of getting in now is no longer the same. Are they truly accumulating shares or just fooling us into taking over? That's the real question. The key is which way liquidity is flowing; otherwise, this wave of enthusiasm will cool off sooner or later.

View OriginalReply0

BearMarketSurvivor

· 01-12 20:02

The big players' recent accumulation is really aggressive; they've pushed the cost basis upward, and it feels like they're less afraid of a dump now.

View OriginalReply0

AirdropHarvester

· 01-12 19:59

The big players are really quietly adding positions. It's interesting to see the cost basis moving upward. If supply pressure can't keep up, then get ready for a good show.

View OriginalReply0

GateUser-3824aa38

· 01-12 19:55

Whales keep bottom-fishing endlessly. Can we hold this time?

View OriginalReply0

GasGasGasBro

· 01-12 19:53

Large investors are increasing their positions, indicating they are still bullish; liquidity is the key issue.

View OriginalReply0

OvertimeSquid

· 01-12 19:50

Large investors continue to increase their holdings; whether supply can keep up is the key.