🔗 Original | Author OnChain 📈 View Chart “#ETH Accumulation Wallet Structure Inspection, Re-entry into a Phase Below the Realized Price” An Ethereum accumulation wallet is defined as an address that meets the following criteria: It has never withdrawn anything in the past, has had a recent inflow of at least 100 ETH, has had at least two total inflows, currently holds at least 100 ETH, has a trading history within the past seven years, and is not a centralized exchange (CEX), miner address, or smart contract address. Wallets that meet these criteria currently hold approximately 27 million ETH, representing approximately 23% of the total circulating supply. Over the past nine years, the Ethereum price has traded below the realized price of these accumulation wallets only twice. The first occurred at the all-time low in 2025, and the second occurred between January 2026 and the current period. This means that even for wallets with a strong long-term accumulation tendency, the current price is below the average unit price. While this suggests a structurally stressful period, it also overlaps with areas where significant turning points have occurred in the past, requiring a mid- to long-term perspective. ✏️ Summary The #ETH accumulation wallet, which holds 23% of the total supply, has once again fallen below the realized price, putting the current market in a similar position to past extreme stress periods. [Sign up for a free CryptoQuant membership] Sign up using the link above to enjoy a free week of the Advanced Plan. Analyze market trends in depth with on-chain data! ✖️ Official CryptoQuant X (🇰🇷Korean) ✈️ Official CryptoQuant Telegram (🇰🇷Korean)