PANews reported on September 4th that according to Cointelegraph, cryptocurrency sentiment analysis platform Santiment stated that Ethereum whales have been increasing their buying power since Ethereum fell to its annual low in April. In just five months, the group of whales holding 1,000 to 100,000 ETH has increased their holdings by 14%. Crypto market participants often observe whale activity to assess sentiment, as selling can indicate bearishness, while accumulation can signal bullishness and expectations of higher prices.