Ethereum Whales Buy Hundreds of Millions of Dollars, a Strong Signal Behind the Sluggish Price!

Jakarta, Pintu News – An interesting phenomenon is happening in the crypto market, especially in the Ethereum (ETH) asset. In the midst of stagnant prices and global macroeconomic pressures, investors with large capital, known as whales, are carrying out massive accumulation actions.

Ethereum (ETH) withdrawal activity from centralized exchanges has surged dramatically in recent days, signaling significant capital movement behind the scenes. This raises a big question: is this massive accumulation a signal of strengthening Ethereum (ETH) fundamentals in the future?

Whale Accumulation: A Long-Term Strategy Amid Sluggish Prices

One of the largest accumulation actions came from an anonymous wallet monitored by EyeOnChain with the prefix “0x8E34”. Since March 11, this wallet has withdrawn 80,157 Ethereum (ETH) from various centralized crypto exchanges. The total value of these accumulations amounts to approximately $165,700,000, with an average purchase price around $2,078.89 per Ethereum (ETH).

Interestingly, with the current Ethereum (ETH) price hovering around $2,068, this investor’s position still has an unrealized loss, indicating a long-term investment strategy.

In addition, another large wallet with the code “0x743d” also took similar action. Based on Lookonchain’s report, this wallet disbursed around $24,790,000 in Tether (USDT) to buy 11,985 Ethereum (ETH) at an average price in line with the current market price.

This move reinforces the notion that the whales are not just making short-term trades, but building positions for the long term. This massive accumulation is a strong signal that confidence in the fundamentals of Ethereum (ETH) is still very high among large investors.

Read also: Ethereum Foundation Releases 5,000 ETH to BitMine, Threat of Centralization Looming?

The Role of Institutions and Market Makers in the Movement of Ethereum (ETH)

Not only large individual investors, financial institutions and market makers also participated in the withdrawal of Ethereum (ETH) from exchanges. A wallet affiliated with the well-known market maker, Cumberland, recorded a withdrawal of around 23,000 Ethereum (ETH) from Binance and Coinbase.

The value of the withdrawal is estimated at $47,000,000 to $50,000,000, signaling either a large-scale over-the-counter (OTC) transaction or an inventory rebalancing process for institutional clients. These movements suggest there is considerable hidden demand for Ethereum (ETH) in the institutional market.

In the world of institutional finance, large drawdowns by market makers are often indicative of large transactions that are not directly reflected in the spot market. This can signal that the institution is preparing a long-term investment strategy or fulfilling large client demand.

Thus, the role of institutions and market makers further strengthens the narrative that Ethereum (ETH) is experiencing a phase of silent accumulation. This condition has the potential to be a positive catalyst for the price of Ethereum (ETH) in the future.

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*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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. Ethereum Whales Accumulate as ETH Price Stalls. Accessed on March 16, 2026
• Featured Image: Generated by Ai