Whales going long this crypto as market recovers

Published: Monday, December 8, 2025 at 1:36 pm

Whale Activity Signals Potential Ethereum Rally Amidst Market Recovery

The cryptocurrency market is showing early signs of stabilization after a recent period of decline, and large investors are placing significant bets on Ethereum (ETH). On-chain data reveals that several high-performing Ethereum wallets, often associated with institutional-level capital, have established substantial long positions, indicating a renewed confidence in the second-largest cryptocurrency.

These "whale" wallets have collectively accumulated over 136,000 ETH, representing an exposure exceeding half a billion dollars. One prominent wallet has amassed over $169 million worth of ETH in long positions, while another has added approximately $194 million. A third wallet has also entered the market with a position exceeding $62 million. This activity aligns with a broader market recovery, with Ethereum benefiting from recent scalability upgrades designed to reduce fees and enhance Layer-2 throughput. The asset has demonstrated resilience, maintaining its position above the crucial $3,000 level.

Historically, such accumulation by whales has often preceded price gains, as retail and leveraged traders react to these large-scale movements. This trend is further supported by easing macroeconomic pressures, including expectations of lower interest rates and improved liquidity sentiment, which are bolstering risk assets.

However, there are potential risks to this bullish outlook. Data indicates that BlackRock deposited a combined 24,791 ETH, valued at approximately $78.3 million, to Coinbase Prime. This suggests the assets are now positioned on an exchange where a sell execution is possible. If Coinbase were to begin selling this amount of ETH, it could counteract the current accumulation trends and potentially undermine short-term bullish momentum, especially as liquidity is still recovering from the recent downturn.

As of the time of this report, Ethereum is trading at $3,140, reflecting a 3.5% gain in the past 24 hours and an 11% increase over the past week. The asset's primary objective is to maintain its $3,000 support level, which could serve as a foundation for a move towards the $3,500 resistance level.

BNN's Perspective:

While the accumulation by large investors is encouraging, the potential for significant selling pressure from BlackRock warrants caution. The market's reaction to this potential supply influx will be crucial in determining Ethereum's short-term trajectory. Investors should closely monitor both whale activity and broader market sentiment as the situation unfolds.

Keywords: Ethereum, ETH, cryptocurrency, crypto, whale wallets, market recovery, long positions, BlackRock, Coinbase, price analysis, investment, digital assets, blockchain, trading, finance

Full Story