Coinbase Wrapped Staked ETH (cbETH)

According to Santiment Intelligence @SantimentData, more than 10万ドル in large cbETH trades occurred 185 times in one day, recording the biggest whale activity since 1月9日.

The notable point is that this happened during a market downturn. Afterwards, the price rebounded, indicating a high likelihood of accumulation (buying more) rather than selling by large investors.

Even as fear spreads, the whales appear to be strengthening their bullish stance on ETH‑related assets.

🐋 Are whales accumulating cbETH?
🔼 Coinbase Wrapped Staked ethereum:native just recorded 185 trades over $100,000 within 24 hours, the highest since 9/1.

⚠️ Notably, this activity appears exactly when the crypto market falls into panic and creates a short-term bottom.

Immediately after the whale trade volume surged, the price of cbETH stopped falling and began to recover.

📊 Typically, large trades can be a distribution signal.
However, when the price holds firm and then spikes upward, the accumulation scenario is often rated more favorably.

(AE is just for additional reference, RSI D ETH is also oversold – normally it rebounds 25-30% according to recent history)

18% to Loop cbETH (incentivized)
4% to lend ETH (incentivized)

I'm excited to see this TVL push by Base, but don't understand the broader narrative for "why now?"

I still farm 'em though.