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Ethereum Whales Accumulate as Staking and Network Strength Surge
Big investors keep buying large amounts of Ethereum while staking hits record levels, showing strong confidence in its future growth.
Ethereum’s market sees bullish sentiment from top traders as long positions dominate despite lower trading volumes across derivatives.
Staked ETH value surpasses $36 billion, proving rising institutional trust and a solid foundation for Ethereum’s long-term stability.
Ethereum’s market is witnessing intensified whale activity alongside growing network strength, signaling mounting institutional confidence
In the past 18 hours, whale 0xF436 withdrew 17,655 ETH worth $72.7 million from exchanges, reportedly linked to SharpLink Gaming. Another whale, 0x3684, purchased 8,109 ETH at $4,193 using $34 million USDT. These large-scale transactions reflect aggressive positioning for potential upside in Ethereum’s price.
However, not all whales are winning. Whale 0x8c58, who shorted ETH at $2,969 in July, deposited $8.6 million USDC into Hyperliquid to avoid liquidation. His losses have reached $20 million, and his new liquidation level now sits at $4,885.3.
Derivatives Market Signals Institutional Confidence
According to Coinglass data, Ethereum derivatives trading volume dropped 11.07% to $123.12 billion, while open interest slipped 1.36% to $58.09 billion. These declines suggest profit-taking or adjustments by traders
Source: Coinglass data
Options activity revealed sharper changes. Volume plunged nearly 59% to $1.38 billion, but open interest climbed 1.64% to $14.85 billion, hinting at sustained long-term strategies over speculative short-term plays.
Besides, sentiment leans bullish across all timeframes. The 24-hour long/short ratio sits at 0.9376, while top traders hold much higher ratios—1.2528 for accounts and 3.3508 for positions. Funding rates remain consistently positive across hourly and daily metrics, indicating a persistent long bias from institutions.
Network Fundamentals Reach New Milestones
On-chain data from CryptoQuant analyst oro_crypto shows Ethereum’s total supply surpassing 121 million ETH. This growth remains steady, marked by occasional spikes in network activity. Despite price volatility, the supply trajectory demonstrates stable network fundamentals.
The total amount of Ethereum locked up in its proof-of-stake system has climbed to $36.18 billion, which is over 36.18 million ETH. Both the amount of ETH in circulation and the amount being staked have been rising steadily, as shown by the 30-day average.
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