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Ethereum Updates: Large Holders Continue to Acquire Ethereum Despite ETF Withdrawals in a Divided Market

Ethereum Updates: Large Holders Continue to Acquire Ethereum Despite ETF Withdrawals in a Divided Market

Bitget-RWA2025/10/27 02:34
By:Bitget-RWA

- Ethereum whales accumulate $32M on OKX, signaling institutional confidence despite $18.8M ETF outflows and mixed investor sentiment. - Ethereum Foundation's $650M wallet migration triggered $700M profit-taking, temporarily pushing price below $3,800 amid market uncertainty. - Bitcoin short-squeeze sees $200M whale position closed for $6.4M profit as ETF outflows persist, highlighting geopolitical volatility's market impact. - Solana whale transfers $93M to Binance, reflecting scalability concerns while E

Ethereum's recent price movement has sparked renewed debate, with traders anticipating a wave of short liquidations if the altcoin climbs above $4,300. A whale's $32 million

purchase on OKX, along with increased corporate treasury investments, has highlighted growing institutional trust in Ethereum, even as ETF withdrawals point to a more cautious market mood, as reported by Yahoo Finance
. At the same time, Ethereum posted a 1.2% daily rise to $3,882, while Ethereum ETFs experienced $18.8 million in net outflows, illustrating a split in investor attitudes, according to crypto.news
.

This whale activity signals a notable change in capital deployment. While

ETFs saw $101.3 million withdrawn on October 22, Ethereum's on-chain data paints a different picture. A newly established wallet acquired $32 million worth of ETH at $3,824, aligning with a broader trend of institutional involvement, Yahoo Finance notes. Bitget Wallet's Jamie Elkaleh remarked that such transactions "enhance liquidity and attract institutional players." In contrast, Ethereum ETFs registered $18.8 million in net redemptions, with Grayscale's and ETH products leading the outflows, according to crypto.news.

Ethereum Updates: Large Holders Continue to Acquire Ethereum Despite ETF Withdrawals in a Divided Market image 0

Large-scale moves by both corporations and whales have further intensified market divisions. The Ethereum Foundation's transfer of $650 million in ETH to a different wallet prompted a $700 million wave of profit-taking, temporarily sending the price below $3,800, FXStreet reports

. Analysts believe traders viewed the Foundation's action as a potential sell-off indicator, even though the organization clarified it was simply a routine wallet update. In a similar vein, a whale moved $93 million to Binance, highlighting declining confidence in the token. Elkaleh suggested this may be due to "concerns about scalability or increased competition," as previously mentioned by Yahoo Finance.

Meanwhile, Bitcoin's market has experienced intense short squeezes. A whale associated with former BitForex CEO Garrett Jin closed a $200 million short position on Bitcoin, earning $6.4 million in gains, Yahoo Finance reports

. This trade, executed as Bitcoin slipped below $109,000, underscores the volatility driven by geopolitical events and speculation linked to Trump. Over the past week, Bitcoin ETFs have seen continuous outflows, with BlackRock's IBIT attracting new funds while Grayscale's GBTC and Fidelity's FBTC faced substantial withdrawals, according to crypto.news.

The risk of widespread short liquidations for Ethereum above $4,300 remains a key area of focus. As Ethereum ETFs struggle to maintain assets and on-chain profit-taking accelerates, the market stands at a pivotal moment. Institutional buying and whale accumulation point to underlying strength, but persistent ETF outflows and global uncertainties may limit further gains, Coinpedia notes

.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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