Whales Buy the Dip: Institutional Demand Surges for BTC, ETH

On-chain data indicates a significant surge in institutional buying demand for Bitcoin during a recent market dip, evidenced by the "Bitcoin: Apparent Demand" metric flipping sharply from negative to positive territory between November 6 and November 8, marking the sharpest movement of the year. This 'demand pivot' historically signals the entry of new institutional capital and precedes price rebounds. Similarly, Ethereum data revealed a spike in whale-led activity as ETH dropped to the $3.2K level, suggesting large market participants are accumulating at discounted prices while retail traders remain cautious. Analysts suggest that if Ethereum maintains support between $3K and $3.4K, it could enter a low-volatility accumulation phase, potentially setting up for a bullish impulse toward $4.5K–$4.8K.

(Source：BeInCrypto)