Whale spends 2.5 billion USD buying ETH – Is a bullish storm for Ethereum about to hit?

Ethereum whales (ETH) – the giants holding between 1,000 to 10,000 ETH – have just recorded the largest net accumulation in a single day since 2018. According to data from Glassnode, this group of whales has accumulated up to 2.5 billion USD in ETH.

The histogram chart shows a distinct spike, confirming a record change in the net position of whales. This is seen as a natural reaction, similar to the accumulation that took place in 2017 – just before Ethereum's spectacular breakout. The supply of ETH held by whales has begun to rise rapidly again, surpassing the 14 million ETH mark after a long period of decline.

Source: Merlijn The Trader/XIn the past, such accumulation phases by whales have often led to strong bullish cycles for ETH. If the current pattern repeats like in 2017, a strong price breakout may be forming.

The chart above confirms the growing confidence from whales, indicating a high possibility that after a quiet period from retail investors, the market may experience a "storm" of price increase. Ethereum may be on the brink of a historic turning point.

The influx of capital into ETH ETFs and a strong wave of institutional acceptance

In the past week, Ethereum recorded a net inflow of over 450 million USD into spot ETF funds – the third-highest level since August 2024. This is clear evidence of the buying wave from institutional investors, reinforcing the view that periods of quiet market activity are often accumulation times for banks, investment funds, and seasoned players.

Notably, this wave of interest arises as the price of ETH fluctuates around a key support area, while the inflow of capital continues to rise – a typical signal of bullish divergence.

If March and April 2025 witness a massive outflow of funds from ETH ETFs, then in May and June, the trend reversed with two consecutive weeks of strong inflows. This development reflects the recovering market confidence and is a sign of a turning point for the upward momentum of Ethereum.

Source: Crypto Rover/XCurrently, Ethereum is forming a bullish pattern, supported by the decrease in supply on exchanges and a significant inflow of capital. Instead of signaling a market peak, these developments indicate that an accumulation phase is taking place, which could lead to a breakout.

Since the beginning of 2025, data from Token Terminal shows that the value of tokenized assets managed on Ethereum has increased exponentially. Major institutions such as BlackRock, PayPal, and Franklin Templeton have all contributed to this growth, indicating a growing confidence in the infrastructure of Ethereum.

Ethereum is gradually positioning itself as a financial hub, currently holding over 4 billion USD in tokenized real assets (RWA). Historical data shows that strong capital inflows combined with a growing acceptance of RWA are often precursors to major revaluation events. If this trend continues, Ethereum may be on the verge of a significant growth spurt.

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