Aggressive accumulation of Ethereum by large investors and institutional players creates excitement in the cryptocurrency market amidst current volatility.
Why Are Ethereum Whales Buying Now?
On-chain tracker data shows that whales bought over $456 million in ETH in the last week. Nine major wallets accounted for most of the activity, with substantial funds coming from Bitcoin profits. The rising ETH/BTC ratio above 0.04 points to a shift in preference towards Ethereum.
Institutional Players Back Ethereum
The latest ETF data reinforces this shift. Spot Ethereum funds attracted $900 million in inflows last week, nearly double what Bitcoin ETFs brought in. Since June, treasuries and ETFs have locked up close to 5% of ETH’s supply, reflecting strong confidence in Ethereum’s long-term trajectory.
High-Risk Trades Signal Confidence in Ethereum
Some whale moves also highlight risk-taking strategies. One investor opened a $297 million ETH long position at 15x leverage, a bold bet despite liquidation risk. Another early Bitcoin holder converted 6,000 BTC (worth $690 million) into Ethereum, amassing over 278,000 ETH at an average entry of $4,585.
The influx of institutional investors into Ethereum, alongside a surge in whale accumulation in ETH, is shaping the crypto market in August. Analysts are still predicting a likely bull cycle in 2025, which may lead to significant price increases for Ethereum.
