{"id":109176,"date":"2025-05-17T14:01:09","date_gmt":"2025-05-17T14:01:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/109176\/"},"modified":"2025-05-17T14:01:09","modified_gmt":"2025-05-17T14:01:09","slug":"ethereum-drops-but-whales-scoop-540-mln-eth-accumulating-or-exiting","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/109176\/","title":{"rendered":"Ethereum drops, but whales scoop 540 mln ETH &#8211; Accumulating or exiting?"},"content":{"rendered":"<ul>\n<li>Whale wallets increased holdings to 16.793 million ETH as Exchange Netflows showed a sharp rise in outflows.<\/li>\n<li>A $398M USDT inflow and $540M ETH outflow on the same day signal aggressive repositioning by large investors.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/predictions\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Ethereum [ETH]<\/a> fell to $2,492, shedding 3.73% in 24 hours, following a rejection near the $2,800 mark.<\/p>\n<p> This pullback unfolded even as whale wallets ramped up accumulation and stablecoin inflows surged, hinting at a strategic repositioning behind the scenes.<\/p>\n<p>However, short-term sentiment remains fragile.\u00a0<\/p>\n<p>While some traders appear to be exiting with losses, on-chain activity shows strategic buildup. This divergence creates uncertainty around ETH\u2019s next move as key technical levels come into play.<\/p>\n<p><b>Doubling down or signaling caution?<\/b><\/p>\n<p>Whale wallets holding 10K\u2013100K ETH have increased their holdings to 16.793 million ETH, suggesting strong accumulation.\u00a0<\/p>\n<p>At the same time, Exchange Netflows showed a sharp 84.22% weekly spike in ETH outflows, reinforcing a bullish long-term view. <\/p>\n<p>However, one whale recently sold 10,543 ETH at $2,476, incurring a $2M loss in just two days.\u00a0<\/p>\n<p>This solitary dump, while eye-catching, doesn\u2019t necessarily undercut the broader accumulation trend. Having said that, it does reflect the ongoing unease in a volatile market.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/Ethereum-Exchange-Netflow-Total-All-Exchanges-4.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-492365\" class=\"wp-image-492365 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"2560\" height=\"1440\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/Ethereum-Exchange-Netflow-Total-All-Exchanges-4.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-492365\" class=\"wp-caption-text\">Source: CryptoQuant<\/p>\n<p><b>What does $398M in USDT and $540M in ETH signal?<\/b><\/p>\n<p>On-chain data revealed a significant shift: $398 million worth of Tether (USDT) <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/682783314b1c6a301c62c6a5-Whales-Move-398M-USDT-Enters-Binance-as-540M-ETH-Leaves-Exchanges\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">flowed<\/a> into Binance, while $540 million worth of ETH was withdrawn from centralized exchanges on the same day.\u00a0<\/p>\n<p>This marks the largest single-day ETH net withdrawal since early April, signaling that large holders are likely moving assets into cold storage or staking environments.\u00a0<\/p>\n<p>Meanwhile, the massive USDT inflow suggests whales are arming themselves with dry powder to accumulate more ETH as it trades within a perceived accumulation range.\u00a0<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/3C9FVSU5_ab1f3fcc61d6b949020cf8a73a6fbd536fe9727d6abf49dd3f9ea3fc72411fc7.webp.webp\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-492367\" class=\"wp-image-492367 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1280\" height=\"720\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/3C9FVSU5_ab1f3fcc61d6b949020cf8a73a6fbd536fe9727d6abf49dd3f9ea3fc72411fc7.webp.webp\"\/><\/a><\/p>\n<p id=\"caption-attachment-492367\" class=\"wp-caption-text\">Source: CryptoQuant<\/p>\n<p>Of course, this dual move hints at more than chance. It suggests whales are circling with precision.<\/p>\n<p><b>More users join Ethereum, existing users go quiet<\/b><\/p>\n<p>Interestingly, Ethereum\u2019s network saw an 18.73% increase in new addresses over the past week. Yet, Active Addresses dropped 3.18%, suggesting existing users have pulled back.<\/p>\n<p>This divergence suggests that while long-term interest in Ethereum is growing, short-term engagement is cooling off.\u00a0<\/p>\n<p>Therefore, although new users are joining, existing ones may be waiting on the sidelines. This behavior is often seen during transitional market phases when investors hesitate before the next big move.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-17-090830.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-492366\" class=\"wp-image-492366 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1915\" height=\"774\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-17-090830.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-492366\" class=\"wp-caption-text\">Source: IntoTheBlock<\/p>\n<p>Ethereum\u2019s Open Interest <a href=\"https:\/\/cryptoquant.com\/asset\/eth\/chart\/derivatives\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">dropped <\/a>by 3.29% to $16.02 billion, highlighting a reduction in speculative positions.\u00a0<\/p>\n<p>Traders seem to be closing leveraged bets after the recent price rejection at $2,800. This decline reflects risk-off sentiment as volatility spikes. <\/p>\n<p>However, it can also signal that the market is resetting, clearing weak hands before the next leg.<\/p>\n<p><b>Is ETH finding support or stalling at key Fib levels?<\/b><\/p>\n<p>Ethereum recently touched $2,629, aligning with the 2.618 Fibonacci extension, before retreating.\u00a0<\/p>\n<p>The current price hovers near $2,492, sitting between critical support and resistance zones. Stochastic RSI shows neutral momentum with values at 61.31 and 51.47. <\/p>\n<p>Therefore, ETH may be consolidating before a directional breakout.\u00a0<\/p>\n<p>Price action around this Fib level should be closely watched. If bulls hold above $2,292 (Fib 1.618), upward continuation remains possible.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/ETHUSD_2025-05-17_09-17-23.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-492364\" class=\"wp-image-492364 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"ETH price action \" width=\"2114\" height=\"1108\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/ETHUSD_2025-05-17_09-17-23.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-492364\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<p>Despite today\u2019s drop, Ethereum shows strong whale support and rising stablecoin inflows. While short-term volatility has triggered isolated exits, broader metrics point to accumulation. <\/p>\n<p>If buyers defend current levels, a rebound toward $2,800 remains possible.<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/galaxy-digital-secures-nasdaq-listing-after-4-years-glxy\/\" rel=\"prev noopener\" data-wpel-link=\"internal\" target=\"_blank\">Galaxy Digital secures Nasdaq listing after 4 years: \u2018$GLXY\u2019<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Whale wallets increased holdings to 16.793 million ETH as Exchange Netflows showed a sharp rise in outflows. A&hellip;\n","protected":false},"author":2,"featured_media":109177,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-109176","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114523543376917378","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/109176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=109176"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/109176\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/109177"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=109176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=109176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=109176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}