The on-chain chart, which blends spot and futures order flow, cumulative volume, and key moving averages, is now flashing a rare and historically bullish signal. According to Darkfost, the last time this metric aligned so strongly was in December 2023, just before ETH surged from $2,200 to $4,000.

Institutional Wallets Signal Confidence in ETH Recovery

Since May 19, Ethereum whale orders have reappeared with increasing frequency on Binance. This resurgence of large-volume trades suggests growing confidence among institutional players and deep-pocketed investors.

While whales typically don’t aim to time exact bottoms, they often enter early during the formation of broader bullish trends. This behavior, now visible on Binance’s ETH order books, points to renewed interest in building long-term positions.

May Emerges as Key Window for Accumulation

Darkfost’s report highlights that May may be one of those rare strategic entry points that seasoned players are quick to identify. The reemergence of whale activity at this stage may signal the early stages of a macro reversal for Ethereum.

With ETH consolidating and sentiment improving, the data suggests major players are already positioning for a potential breakout—mirroring past accumulation patterns that preceded major rallies.

As the market continues to digest broader macro conditions, whale behavior remains one of the clearest clues to future momentum.

The post Whale Activity on Binance Hints at Ethereum Momentum appeared first on Coindoo.

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Filed under: Bitcoin - @ June 1, 2025 1:00 am