Ethereum Whale's Coin Hoarding Signal: $1.3 Billion get on board Behind

Blockwatcher9000 · 2025-11-24T08:29:02+00:00

Recently, there has been a phenomenon of Whale buying the dip in Ethereum, with one Whale purchasing over 385,000 ETH within 10 days. Additionally, institutions have also increased their positions in ETH, indicating that they are continuously buying the dip at low levels. The technical analysis shows a V-shaped reversal signal, and analysts expect ETH to reach $4000.

Blockwatcher9000

2025-11-24 08:29:02

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Recently, an interesting phenomenon has occurred in Ethereum—while most people are in a panic selling, the on-chain whales are quietly buying the dip.

According to tracking by the on-chain data platform Arkham Intelligence, a mysterious Whale has accumulated over 385,000 ETH in the past 10 days, with a total value of up to 1.38 billion USD. The operation method of this Whale is also interesting: it directly holds 564 million USD in spot ETH while collateralizing 818.7 million USD worth of ETH positions on the lending protocol Aave, and borrowed 27 million USD in stablecoins to expand leverage. Just today, this Whale has purchased an additional 105.36 million USD in ETH.

It is not the only institution increasing its positions. Another whale labeled 0x9992 has recently borrowed 10 million USDC on Aave to continue buying the dip, currently holding 83,816 ETH (worth 28.86 million USD), and has lent out 122.89 million USD in stablecoins. More notably, the established institution BitMine has increased its holdings by 110,288 ETH in the past week, bringing its total holdings to 3.5 million ETH (approximately 12.5 billion USD), solidifying its position as the largest corporate ETH holder globally.

Technical Analysis: Signal of a V-shaped Reversal?

From the daily chart, ETH is forming a potential V-shaped reversal pattern. Currently, ETH is retesting the 100-day moving average support level of $3450. If the bulls can hold this position and break upwards, the next target is the neck line at $3.4172, which would mean a 21% increase from the current price.

Analysts generally believe that ETH is expected to reach $4000 before December, with the main logic including: the breakout of the descending wedge, the continued decline in the supply of ETH on exchanges, and the sustained growth of the $20 billion token economy within the Ethereum ecosystem.

The core logic is very clear: institutions continue to increase their positions at low levels, on-chain liquidity is tightening, and the technical aspect has support. Although short-term fluctuations are inevitable, the hoarding behavior of whales often reflects the market's bottom consensus in advance.

ETH-5.15%

USDC0.01%

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