Whales Split on Ethereum as ETH/BTC Hits Key Support
The post Whales Split on Ethereum as ETH/BTC Hits Key Support appeared on BitcoinEthereumNews.com.
Institutional money is pulling Ethereum in opposite directions, with one major treasury piling into ETH while a top ETF issuer sends coins to Coinbase. At the same time, the ETH/BTC pair is clinging to a crucial support zone that could decide whether Ether outperforms Bitcoin again or drags the broader market lower. Bitmine Adds 28,625 ETH From FalconX Wallet Bitmine moved 28,625 Ether worth about 82.11 million dollars from a FalconX hot wallet to a new address, according to on-chain transfer data. The inflow appeared two hours ago on Arkham, showing one of the largest recent single purchases tied to the firm. Bitmine FalconX ETH Transfer. Source: Arkham Intelligence / X At the same time, the transfer followed an earlier small test transaction recorded two days ago. That pattern matches typical behavior for large buyers who confirm a route before sending the full amount. The latest move lifted Bitmine’s recorded accumulation for the week and pushed the associated wallet deeper into high-value territory. Meanwhile, BlackRock Shifts Hundreds of Millions in BTC and ETH In contrast to Bitmine’s recent large-scale buying, BlackRock has been moving significant amounts of Bitcoin and Ether out of its IBIT and ETHA ETF wallets within the past hour. Arkham’s transfer log shows a steady stream of outflows from BlackRock-linked addresses toward Coinbase Prime deposit wallets, marking one of the firm’s most active selling periods in recent weeks. BlackRock Crypto Outflows. Source: Arkham Intelligence / X The latest transfers include repeated batches of 300 Bitcoin per transaction, each worth about 25.9 million dollars. The list also shows several moves of 10,000 Ether at roughly 28.03 million dollars per batch. Additionally, one mid-sized transfer of about 6,283 ETH appeared alongside the larger flows, bringing the combined total of BTC and ETH moved within the hour to roughly 500…
Filed under: News - @ November 24, 2025 4:30 pm