‘Buying ETH Like Crazy’: Biggest Market Whales Are Pivoting
The post ‘Buying ETH Like Crazy’: Biggest Market Whales Are Pivoting appeared on BitcoinEthereumNews.com.
From selling to buying Pressure eases After an intense sell-off that drove the cryptocurrency toward the psychological $2,000 mark, causing widespread liquidations and panic in the larger cryptocurrency market, Ethereum is starting to show early indications of stabilization. On-chain data now indicates that some of the biggest players in the market are subtly switching from aggressive selling to accumulation. From selling to buying Whale wallet 0x28eF, which has been purchasing Ethereum quickly, makes one of the most noteworthy moves. The wallet withdrew 60,784 ETH, or about $126 million, from Binance in the last 30 hours alone, indicating obvious accumulation rather than sale preparation. ETH/USDT Chart by TradingView Large exchange withdrawals usually signify long-term positioning, because the money is transferred from trading platforms to cold storage. Following an estimated $747 million loss, TrendResearch closed its position at the same time by depositing all 651,757 ETH, worth approximately $1.34 billion, to Binance at an average price of $2,055. XRP Defies Market Bearishness with $45M in Weekly ETF Inflows Ripple Invited to White House, Peter Brandt Calls Out Bitcoin Manipulation, Musk Endorses Dogecoin, Vitalik Buterin Dumps Ethereum — Top Weekly Crypto News Pressure eases With the removal of one of the main causes of sell pressure in the market, this significant capitulation event seems to have signaled a shift in sentiment. It’s interesting to note that a number of other sizable wallets are likewise displaying accumulation indicators, shifting their focus from the aggressive selling that dominated trading a few days ago. When panic-driven supply from retail participants is absorbed by stronger hands, this change in behavior frequently occurs close to market bottoms. You Might Also Like Ethereum is still technically in a precarious position, but strong buying activity close to recent lows suggests that supply is beginning to be absorbed by demand. If…
Filed under: News - @ February 8, 2026 12:10 pm