Whales buy $322M in ETH over last two days

Ethereum whales have purchased $322 million worth of ETH in the past 48 hours, crypto news service BSCN reported. The outlet noted that this buying pressure coincides with a record increase in staking demand. Currently, about 3.48 million ETH, valued at around $8 billion, is in the staking queue, while only 441,000 ETH is queued for withdrawal. BSCN assessed that this indicates accumulation by long-term investors and that the combination of buying from whales and Bitmine (BMNR) and the growing staking queue has created the most positive supply-demand structure for ETH in recent months.