- Ethereum whales are aggressively accumulating the dip, with one new wallet purchasing over 50,000 ETH following $80M in long liquidations.
- Ethereum’s growing DeFi activity and recent whale movements suggest a potential rebound, despite short-term bearish sentiment and continued market volatility.
A Mega Buy Amid Chaos: Whale Accumulates 50K+ ETH
As Ethereum (ETH) battled intense volatility and saw over $80 million in long liquidations within 24 hours, a newly created wallet made waves—accumulating 50,356 ETH at an average entry price of $2,256. This mysterious whale began withdrawing ETH from Binance in multiple 3,000-ETH tranches, signaling a calculated move during one of ETH’s sharpest weekly drops, which shaved over 12% off its value.
The wallet, now valued at $112.8 million in ETH holdings, appears to be preparing for long-term gains, echoing sentiment that the current dip could mark a local bottom. Historically, such large-scale whale entries have preceded major trend reversals, and analysts are eyeing a potential 25% rally.
DeFi Is the Destination: ETH Flows Into Staking and Lending Protocols
Rather than sitting idle, the ETH whale’s accumulation aligns with a broader trend: liquidity flowing into DeFi. According to DeFiLlama, Ethereum’s total value locked (TVL) stands strong at $57 billion, with LidoDAO, Aave, and EigenLayer alone managing over $49 billion combined. Whales are increasingly parking ETH into these protocols, utilizing strategies like staking, lending, and collateralization.
The timing also comes on the heels of Ethereum Pectra upgrade, which raises the bar for running validator nodes to 2,048 ETH—a figure large whales are strategically preparing for.
Short-Term Bearish, Long-Term Bullish?
Despite the massive accumulation, ETH continues to trade around $2,240—below recent support levels. Open interest has dipped from $16 billion to $14 billion, and with 75% of positions still long, more volatility may lie ahead. However, whales remain undeterred, targeting liquidation points near $2,100 and rebuilding at safe levels like $1,600 and $1,000.
While the market sentiment leans bearish for now, persistent whale activity offers a bullish undercurrent. As Ethereum rebounds slightly against Bitcoin—returning to 0.022 BTC—the stage may be set for another leg up.
