Mysterious Whale Buys These 2 Cryptos After Market Crashes!

Jakarta, Pintu News – In a week when the crypto market experienced one of its most brutal crashes, whales were seen capitalizing on the situation by accumulating various assets.

In this context, on-chain data shows that mysterious whales are actively buying Bitcoin (BTC) and Ethereum (ETH), signaling a strong belief in a potential price recovery.

Two New Wallets on the Move

Recent transaction details reveal that two newly created wallets made massive withdrawals from Binance.

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A Bitcoin wallet with the identity 17oiCa withdrew approximately 3,500 BTC worth approximately $249 million through multiple transfers: 714,325 BTC worth $50.05 million, 2,156 BTC worth $151.21 million, 630,001 BTC worth $44.42 million, and a small transfer of 0.009999 BTC worth $693.87.

At the same time, Ethereum wallets accumulated 30,000 ETH worth approximately $63 million, consisting of 20,000 ETH worth $42.02 million and 10,000 ETH worth $20.98 million, based on the latest on-chain data from Lookonchain as of February 8.

These outflows are in line with the broader whale accumulation trend seen as early as February 2026. Reports indicate significant Bitcoin buying across various holder groups after a sharp capitulation phase, with large entities adding thousands of BTC in recent sessions as selling pressure from retail eases.

Ethereum saw even more aggressive moves, with whales withdrawing hundreds of thousands of ETH from exchanges such as Binance, Kraken, and others, bringing ETH reserves on exchanges down to their lowest levels in years.

These large addresses switched from previous distribution patterns to massive buyouts, including coordinated transfers to self-custody wallets during the price drop phase.

Impact on Price

By withdrawing large amounts of assets from exchanges, these holders reduce the tradable supply. This helps stabilize prices, limits the potential for further declines, and creates scarcity that can support a price bounce.

The impact has already been seen in Bitcoin’s quick bounce off the weekly low, and if momentum and sentiment continue to improve, the opportunity to test the $75,000 level or higher remains open.

For Ethereum, the decline in reserves on exchanges further reinforces its scarcity narrative, especially in the DeFi ecosystem, and could be a stronger driver of price gains if institutional interest or the adoption narrative strengthens again.

Nevertheless, risks from depleted liquidity, deleveraging processes, and macroeconomic pressures remain. However, accumulation phases like these often mark cyclical turning points, when assets move from panic sellers to long-term holders and gradually restore market confidence.

Read also: Aster (ASTER) Price Prediction: Rebound Stuck in Supply Zone, Leverage Continues to Shrink!

Bitcoin and Ethereum price analysis

Indeed, this development comes after Bitcoin bounced back from its low around $60,000 earlier in the week, with prices reportedly touching around $71,000 in some trading sessions.

As of February 8, the world’s first crypto asset was trading at $70,886, up more than 2% in the last 24 hours. However, when viewed in a one-week span, Bitcoin is still down more than 8%.

On the other hand, Ethereum only recorded a relatively limited recovery, trading around $2,094, up 1.4% on the day. Even so, in the last seven days, ETH has still slumped nearly 10%.

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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:

• Finbold. Mysterious whales are accumulating these cryptocurrencies after market crash. Accessed on February 10, 2026