Several major institutional investors are seizing the recent dip in Ethereum’s price to expand their holdings, signaling a focus on long-term exposure rather than short-term gains. This activity suggests that the institutions are positioning for long-term exposure rather than short-term gains. Ethereum’s Market Sentiment Edges Past Bitcoin as Accumulation Grows Blockchain analytics from Lookonchain reveal that one unnamed institution created three new wallets last week. The firm also withdrew 92,899 ETH, worth roughly $412 million, from Kraken
source: https://beincrypto.com/ethereum-whales-scoop-up-900-million-in-eth-after-recent-dip/