Massive Ethereum Buys by Whales Hint at a Shift Away From Bitcoin

Jakarta, Pintu News – Recent data shows that “whales” – as large investors are called – seem to be showing a preference for Ethereum over Bitcoin .

Whale Start Preferring ETH over Bitcoin?

Whale activity recorded on Lookonchain revealed that one whale exchanged 502.8 BTC for 14,500 ETH. The same whale is also reported to have exchanged 1,969 BTC for 58,149 ETH.

Read also: Ethereum Proposes ERC-8092 to Improve Privacy and Accelerate Web3 Adoption

The increased demand for ETH by whales is in line with Ethereum’s increasing dominance in the market. Meanwhile, Bitcoin’s dominance continues to struggle to break the 60% mark again.

In terms of whale activity, data from the order book shows that they were actively buying ETH on Coinbase and OKX exchanges over the weekend. In the past three weeks, the whales have made net ETH spot purchases worth around $17 million.

In the derivatives market, whales also recorded transactions of over $3.3 billion on the OKX and Binance Futures platforms. Big bets like these reflect the market’s growing confidence in ETH’s price movements.

This optimistic sentiment among whales mirrored the ETH price rally that took place earlier in the week. Ethereum had risen around 13% in the first half of the week, before eventually correcting and losing most of its gains.

Ethereum price could hit $3,500 as reserves on exchanges continue to decline

The rise in the price of ETH relative to BTC since November’s low shows the growing interest in the Ethereum network’s native coin.

At the time of writing, the ETH price stands at $3,075 – up more than 16% from its November low. In comparison, Bitcoin’s price is only up a little over 9% from its lowest point in the same period.

This more significant increase in ETH price is closely related to the decrease in the amount of ETH held on exchanges. Approximately 248,711 ETH left the exchange between December 9 and 14. This is equivalent to over $766 million based on current prices.

The decline in ETH reserves on exchanges suggests that investors are aggressively moving their assets to private wallets – an action that usually indicates accumulation for the long term.

A decrease in the supply of ETH on exchanges, coupled with bullish sentiment from whales, indicates a potentialsupply squeeze that could push prices higher.

ETH peaked at $3,477 at the beginning of last week, thanks to a strong price rally.

If demand remains high and outflows from exchanges continue, ETH prices have the potential to break the $3,500 mark again – provided macro conditions are favorable.

However, the weakening of ETH prices in the second half of the week could be a market response to uncertainty(FUD) ahead of the interest rate decision from the Bank of Japan (BOJ).

Ethereum is still the king of stablecoins, here’s how it’s evolved over the years

The stablecoin market continued to show rapid growth throughout 2025, continuing a trend that has been ongoing since the bull run of 2021.

Also read: Bitcoin Price Falls to $89,000 Today: BTC Could Plummet to $85,000?

This year’s regulatory developments have also pushed stablecoins down the path of mass adoption, making them an important part of the global digital finance ecosystem.

In this situation, Ethereum is well-positioned to capitalize on the rapid growth of the stablecoin market, thanks to its strong dominance as a major platform.

On December 14, 2021, the amount of stablecoins circulating on the Ethereum network was recorded at around $97.9 million. But now, that number has jumped dramatically to more than $171.8 billion.

Ethereum still leads far ahead of its competitors. In second place is Tron, with a total stablecoin of around $80.4 billion, while Solana comes in third with $15.3 billion.

Through 2025 alone, the amount of stablecoins on the Ethereum network has grown by more than $54 billion. This makes Ethereum the only network truly poised to capitalize on the growth opportunities as the world enters a phase of massive stablecoin adoption.

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CoinRepublic. Whale Activity Confirms Growing Preference for ETH Compared to Bitcoin. Accessed on December 15, 2025