Whales buy Ethereum's plunge: they accumulate $1.000 billion in just 48 hours

While Ethereum falls 17% in a week, major investors accumulate over $1.000 billion in ETH, revealing long-term strategic moves.

In the midst of a week marked by sharp corrections in the crypto market, Ethereum (ETH) has registered a drop of up to 17%, with its price fluctuating between $3.090 and $3.600, in just 24 hours. 

The decline in ETH, and other cryptocurrencies in the market, including Bitcoin, has coincided with a wave of liquidations that, according to Coinglass data, reached $2.100 billion in a single dayHowever, while many retail investors were pulling out, a select group of large holders—the so-called “whales”—have intensified their buying activity.

Ethereum silent accumulation amid market pullback

According to monitoring by the Lookonchain platform, these crypto whales have accumulated 323.523 ETH in just two days, which is equivalent to an investment of over $1.120 billion. 

Among these whales, one address stands out that reportedly borrowed $50 million in USDT from the Aave DeFi protocol to acquire more than 257.000 ETH, suggesting a leveraged strategy with conviction in the cryptocurrency's recovery. 

The data Lookonchain reports that other addresses known for trading significant volumes have also added positions in ETH, reinforcing the hypothesis that the move responds to a structural reading of the market rather than a speculative reaction.

Whales are positioning themselves in the face of macroeconomic uncertainty

The accumulation of cryptocurrencies by whales during market corrections is not new, but it gains relevance due to the current context. 

Ethereum, like other digital assets, is in a phase of reconfiguration in response to macroeconomic variables involving the monetary politics American, the geopolitical and trade tensions between powers like the United States and China, and adjustments in the face of prolonged shutdown of the federal government, who is breaking records with 35 consecutive days of paralysis due to the lack of an agreement on the federal funding budget. 

The recent drop in ETH and cryptocurrencies not only reflects current instability but is also a response to global volatility that has impacted both riskier and more conservative assets. Furthermore, it's important to remember that until mid-October, the scenario was completely different: cryptocurrencies experienced a significant boom, with Bitcoin reaching all-time highs of $126.000 and Ethereum showing equally remarkable growth, trading above $4.700. This surge attracted many investors who, after making substantial gains, decided to lock in profits, which also contributed to the current correction.

In this scenario, the behavior of whales can be interpreted as a bet on Ethereum's resilience in the medium term. 

The massive accumulation suggests that certain institutional or high-net-worth individuals view the current ETH price as a strategic entry opportunity. Furthermore, the fact that some purchases were made using loans on decentralized platforms indicates a sophisticated use of financial tools within the crypto ecosystem, aimed at maximizing exposure without liquidating other positions.

The evolution of Ethereum: stability, governance, and institutional trust

Beyond the immediate impact on price, these movements have structural implications for Ethereum and its role within the emerging financial system. Accumulation by large holders reinforces the narrative of ETH as reserve asset within the crypto universe, especially during times of high volatility. It also highlights the increasing sophistication of the strategies employed by key players, who combine technical analysis, macroeconomic insights, and DeFi tools to execute large-scale operations.

The Ethereum ecosystem, with its smart contract infrastructure and central role in the decentralized economy, remains a benchmark for alternative financial developmentsThe confidence shown by these whales could translate into greater long-term stability by reducing the proportion of ETH held by speculative traders and increasing its concentration among strategic holders. This, in turn, could influence the evolution of protocols and the institutional perception of the cryptocurrency. 

Therefore, while the noise of liquidations and pullbacks dominates the headlines, the silent accumulation movements of the whales reveal another side of the market: that of those who operate with a structural vision and a broad horizon. 

Ethereum, with its complexity and volatility, remains fertile ground for strategies that combine conviction, analysis, and execution. And, although the price may fluctuate in the short term, the activity of these large whales suggests that the fundamental dynamics of the market are still unfolding.