Ethereum Updates: Large Holders Continue to Acquire Ethereum Despite ETF Withdrawals in a Divided Market
- Ethereum whales accumulate $32M on OKX, signaling institutional confidence despite $18.8M ETF outflows and mixed investor sentiment. - Ethereum Foundation's $650M wallet migration triggered $700M profit-taking, temporarily pushing price below $3,800 amid market uncertainty. - Bitcoin short-squeeze sees $200M whale position closed for $6.4M profit as ETF outflows persist, highlighting geopolitical volatility's market impact. - Solana whale transfers $93M to Binance, reflecting scalability concerns while E
Ethereum's recent price movement has sparked renewed debate, with traders anticipating a wave of short liquidations if the altcoin climbs above $4,300. A whale's $32 million
This whale activity signals a notable change in capital deployment. While
Large-scale moves by both corporations and whales have further intensified market divisions. The Ethereum Foundation's transfer of $650 million in ETH to a different wallet prompted a $700 million wave of profit-taking, temporarily sending the price below $3,800, FXStreet reports
Meanwhile, Bitcoin's market has experienced intense short squeezes. A whale associated with former BitForex CEO Garrett Jin closed a $200 million short position on Bitcoin, earning $6.4 million in gains, Yahoo Finance reports
The risk of widespread short liquidations for Ethereum above $4,300 remains a key area of focus. As Ethereum ETFs struggle to maintain assets and on-chain profit-taking accelerates, the market stands at a pivotal moment. Institutional buying and whale accumulation point to underlying strength, but persistent ETF outflows and global uncertainties may limit further gains, Coinpedia notes
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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