Ethereum Whales Accumulate 1.1M ETH Amid Market Uncertainty

Despite Ethereum price dropping 48% from its December 2024 high, whales have accumulated 1.1 million ETH, signaling potential market shifts. Massive exchange outflows further hint at long-term bullish positioning.

Ethereum Whales Signal Potential Market Shift

Ethereum (ETH) continues its downward trend, losing 48% of its value from its mid-December 2024 peak of $4,000, now trading at $2,068. However, whale accumulation suggests an underlying shift in sentiment that contradicts the ongoing price decline.

Whale Accumulation and Exchange Outflows

According to Santiment, Ethereum whales have amassed 1.10 million ETH over the past 48 hours, representing 0.92% of the total circulating supply of 120 million ETH. Historically, similar activities have led to sharp market movements, such as in January 2025, when a whale purchase of 330,000 ETH triggered a brief price rally.

Additionally, Intotheblock reports that $1.8 billion worth of ETH was withdrawn from exchanges last week—marking the largest outflow since December 2022. Such large-scale withdrawals typically indicate long-term holding strategies, reducing the immediate selling pressure in the market.

Despite these indicators, Ethereum continues to struggle with strong resistance levels and slow recovery. This divergence between whale behavior and price action could mean that institutional investors are positioning themselves for a potential market turnaround.

Market Struggles and Institutional Losses

The broader crypto downturn has impacted major investors, including World Liberty Financial, a fund backed by US President Donald Trump. The firm’s crypto portfolio has lost $110 million, dropping from $336 million in initial investments, per Arkham Intelligence.

Among the portfolio’s nine cryptocurrencies, Ethereum accounts for 65% of total losses, making it the largest contributor to the firm’s financial decline.

Speculation Over a Potential Ethereum Rebound

Crypto analyst Merlijn The Trader suggests that Ethereum’s current price action mirrors its 2016 cycle, fueling speculation about a potential breakout. Analyzing long-term trends, he noted that ETH has followed a similar structure to its past bull runs—experiencing a steep correction before entering a consolidation phase.

According to this theory, the recent downturn could represent a “fake-out” phase, a period of market uncertainty and false breakdowns, which historically preceded Ethereum’s parabolic moves. If the pattern holds, ETH may be poised for a major price surge in the coming months.

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