Whales Scoop Up ETH: 700K Tokens Leave Exchanges, Traders Brace for Price Moves
The current macroeconomic uncertainty is being exploited by whales reinforcing their positions. Massive Ethereum accumulation was revealed by on-chain data, particularly the withdrawal of 700,000 tokens from centralized exchanges, according to Mister Crypto. Rachel Lin, CEO of SynFutures, notes that massive movements, such as a recent $206 million purchase of AaveETH, suggest a strategic entry of institutional capital via OTC, seeking to anticipate future bullish catalysts.
This outflow to cold storage reduces the selling pressure generated in the market. ETH’s price has fluctuated but managed to recover 10% from its lows, and the defense of support between $3,000 and $3,400 is important. Expert analysis indicates this is a sign of medium-term confidence, where “whales” are willing to tolerate current volatility in exchange for future appreciation driven by supply scarcity on trading platforms.
However, caution is advised, as indicated by mixed signals in the technical scenario. While projections based on Elliott waves point to new highs above $6,000, other momentum indicators show short-term weakness. Traders should closely monitor the $3,550 zone; surpassing this level could revalidate the bullish trend towards $4,000, but a failure here, combined with sales from some large holders, could precipitate a correction towards $2,800.
Source: https://x.com/misterrcrypto/status/1988180398309064778
Disclaimer: Crypto Economy Flash News is produced using official and public sources verified by our editorial team. Its purpose is to provide rapid updates on relevant events within the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendations. We recommend always verifying details through each project’s official channels before making any related decisions.
Filed under: News - @ November 12, 2025 3:32 pm