The cryptocurrency, which typically sees gains during this period, has instead suffered a 23% decline this month, raising concerns among investors. Broader market instability, compounded by recent regulatory developments in the U.S., has put additional pressure on ETH.<\/p>\n
Despite this downturn, large investors remain undeterred. Data from CryptoQuant reveals that major Ethereum<\/a><\/strong> holders, controlling between 10,000 and 100,000 ETH, have been steadily increasing their positions, signaling confidence in the asset\u2019s long-term potential. At the same time, Ethereum\u2019s dominance in the stablecoin sector remains strong, accounting for over half of the market\u2019s total capitalization.<\/p>\n Meanwhile, fallout from the Bybit exchange hack continues to unfold. The platform has moved swiftly to manage its financial obligations, repaying a $100 million loan in ETH within three days.<\/p>\n