Ethereum whale buy 16.5k ETH worth $46.4 million
The post Ethereum whale buy 16.5k ETH worth $46.4 million appeared on BitcoinEthereumNews.com. A whale sold 30,000 ETH for profit, then bought back 16,500 of the same altcoin at a higher price of $2,818. If profit-taking cools, Ethereum could retest $3,000; otherwise, it may stay range-bound between $2,400–$2,700. Over the past day, Ethereum [ETH] broke out of a consolidation range to hit a four-month high. Before this breakout, investors, especially whales, had started to become impatient with the prolonged price stagnation. Whales sell, then buy back at a premium One such case was observed by Onchain monitors where a whale sold 30,000 ETH worth $78.63 million to realize a profit of $6.72 million. However, after ETH surged past $2,800, this whale bought back just one day after selling. According to Spotonchain, this whale has decided to buy back 16.5k ETH worth $46.4 million from Wintermute at a higher price of $2,818. The whale made this purchase at a higher price after selling at an average price of $2,621. When large entities decide to purchase an asset at a higher price, it reflects strong conviction and rising demand. Source: IntoTheBlock The return of whale activity wasn’t isolated. Large Holders Netflow to Exchange Netflow Ratio hit -2.83, a two-week low. This sharp dip signals more ETH flowing into cold storage than into exchanges—a classic sign of accumulation. Source: IntoTheBlock Additionally, more than 140,000 ETH, worth approximately $393 million, have been withdrawn from exchanges, marking the largest one-day withdrawal in over thirty days. This further reinforces our observation of the broad-based demand for Ethereum, with both whales and retailers entering to accumulate the altcoin. ETH retraces, as profit-takers step in Despite rising demand, Ethereum’s price dropped 1.76% over the last day to $2,756. While whales stocked up, retail profit-taking began kicking in, evident in the shift in Exchange Netflow. Source: CryptoQuant The Netflow Ratio flipped positive…
The post Ethereum whale buy 16.5k ETH worth $46.4 million appeared on BitcoinEthereumNews.com.
A whale sold 30,000 ETH for profit, then bought back 16,500 of the same altcoin at a higher price of $2,818. If profit-taking cools, Ethereum could retest $3,000; otherwise, it may stay range-bound between $2,400–$2,700. Over the past day, Ethereum [ETH] broke out of a consolidation range to hit a four-month high. Before this breakout, investors, especially whales, had started to become impatient with the prolonged price stagnation. Whales sell, then buy back at a premium One such case was observed by Onchain monitors where a whale sold 30,000 ETH worth $78.63 million to realize a profit of $6.72 million. However, after ETH surged past $2,800, this whale bought back just one day after selling. According to Spotonchain, this whale has decided to buy back 16.5k ETH worth $46.4 million from Wintermute at a higher price of $2,818. The whale made this purchase at a higher price after selling at an average price of $2,621. When large entities decide to purchase an asset at a higher price, it reflects strong conviction and rising demand. Source: IntoTheBlock The return of whale activity wasn’t isolated. Large Holders Netflow to Exchange Netflow Ratio hit -2.83, a two-week low. This sharp dip signals more ETH flowing into cold storage than into exchanges—a classic sign of accumulation. Source: IntoTheBlock Additionally, more than 140,000 ETH, worth approximately $393 million, have been withdrawn from exchanges, marking the largest one-day withdrawal in over thirty days. This further reinforces our observation of the broad-based demand for Ethereum, with both whales and retailers entering to accumulate the altcoin. ETH retraces, as profit-takers step in Despite rising demand, Ethereum’s price dropped 1.76% over the last day to $2,756. While whales stocked up, retail profit-taking began kicking in, evident in the shift in Exchange Netflow. Source: CryptoQuant The Netflow Ratio flipped positive…
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