ETH holdings in accumulation addresses surge, likely to boost buying pressure

Analyst MAC_D noted in a CryptoQuant post that Ether (ETH) holdings in accumulation addresses have dramatically increased since August, now representing 16% (19.4 million ETH) of the total supply of 120 million ETH. This increase reflects anticipation of regulatory easing on decentralized finance (DeFi) under U.S. President-elect Donald Trump's crypto-friendly policies. It suggests that the smart money is likely to keep building its holdings aggressively, regardless of price.