Bitget App
Trade smarter
MarketsTradeFuturesEarnSquareMore
Ethereum Update: Major Holders Offload $52M as $1.35B Investor Wagers on Market Rebound

Ethereum Update: Major Holders Offload $52M as $1.35B Investor Wagers on Market Rebound

Bitget-RWA2025/11/23 03:08
By:Bitget-RWA

- Ethereum whales sold $52.4M in ETH at $2,994.9, incurring $18.4M losses amid a 28% 30-day price drop. - Market-wide bearishness intensified as Bitcoin fell below $86,000 and ETH hit a four-month low near $2,700. - Technical indicators show all EMAs in downtrend, Bull Score Index at 20 (lowest since 2020), and ETH derivatives open interest dropped to $35.5B. - Top DATs like BitMine face 25-48% paper losses, with mNAV ratios below 1 raising liquidity risks amid $415M 24-hour ETH outflows.

Within the last hour, a whale address moved 8,920 ETH to Binance at a loss, highlighting ongoing downward pressure on Ethereum's price trend.

. This transaction took place amid a broader slump in the crypto market, with dipping below $86,000 and around $2,700. The whale’s action fits a recent pattern of major holders selling off assets, (valued at $21.17 million) at an average price of $84,710, resulting in a $7.948 million loss over the past eight hours.

This ETH transfer to Binance seems to be part of a broader liquidation approach by institutional investors.

, a notable whale has sold 17,497 ETH (worth $52.41 million) at an average price of $2,994.9, taking a $18.4 million hit. Previously, this whale had acquired 13,316 ETH during Ethereum’s August and September highs, and is now in less than four months. At the same time, —has expanded its position by purchasing 23,995 ETH ($65.13 million) from Binance, bringing its total holdings to 489,694 ETH ($1.35 billion). This accumulation stands in contrast to the prevailing bearish mood, as of 28% has shaken confidence in digital asset treasuries (DATs).

Ethereum Update: Major Holders Offload $52M as $1.35B Investor Wagers on Market Rebound image 0
Technical indicators further reinforce the negative outlook. trending downward, and the Bull Score Index has dropped to 20—its lowest since 2020—signaling an “extremely bearish” market. to $35.5 billion from $45 billion a month earlier, indicating reduced speculative trading. Experts , such as the Federal Reserve’s recent hawkish stance, which has dampened hopes for a rate cut in December.

Ethereum DATs, once considered safe options for crypto exposure, are now in the red, with leading firms like BitMine and SharpLink

on their ETH assets. BitMine, which holds 3.56 million ETH (2.94% of the total supply), has suffered an unrealized loss of $3.7 billion as ETH’s price has dropped $1,000 below its acquisition cost. Most DATs now have market-to-net asset value (mNAV) ratios below 1, raising alarms about potential liquidity issues if forced sales occur.

On-chain activity adds to the market’s vulnerability. Ethereum’s net outflows over the past 24 hours totaled $415 million, and both spot and derivatives data point to persistent selling.

has appeared, suggesting a possible further decline to $2,450 before any recovery. Traders are encouraged to watch for support at $2,500 and resistance at $2,800, with any rebound likely dependent on macroeconomic developments and renewed institutional interest.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Buyers Struggle to Maintain FILUSDT's $1.85 Level Amid Key Turnaround Attempt

- FILUSDT traders focus on $1.85 support as key reversal level amid bullish momentum signs. - Technical analysis shows RSI nearing oversold territory and WTI-like support patterns reinforcing potential rebound. - Successful defense of $1.85 could trigger $3.90 target, with $2.50-$2.70 zone acting as next critical validation point. - Broader crypto optimism and risk-on market conditions further support potential upward trajectory for FILUSDT.

Bitget-RWA2025/11/23 04:50
Buyers Struggle to Maintain FILUSDT's $1.85 Level Amid Key Turnaround Attempt

G20 Crypto Agreement Strikes a Balance Between Fostering Innovation and Managing Worldwide Risks

- G20 leaders agreed to harmonize global crypto regulation, prioritizing stablecoin and DeFi standards to balance innovation with systemic risk mitigation. - The declaration includes a Critical Minerals Framework to ensure sustainable resource-driven growth in Global South nations while securing crypto infrastructure supply chains. - Market shifts show USDC overtaking USDT in on-chain activity due to regulatory clarity, while DeFi faces $12B liquidity stagnation from fragmented protocols. - Regulatory scru

Bitget-RWA2025/11/23 04:50
G20 Crypto Agreement Strikes a Balance Between Fostering Innovation and Managing Worldwide Risks

Bitcoin Updates: Hybrid Investment Strategies Drive Surge in Bitcoin Purchases Amid Ongoing Market Slump

- Cardone Capital buys 185 BTC for $15. 3M at $82,500/coin, expanding its real estate-crypto hybrid portfolio amid crypto market weakness. - Bitcoin falls below $90K for first time in seven months as U.S. ETFs lose $3.79B in November outflows, with BlackRock's IBIT accounting for 63%. - Grant Cardone's hybrid model contrasts with pure-play crypto treasuries, using real estate cash flow to fund Bitcoin accumulation and claiming $125M in year-one EBITDA. - Market fears a prolonged bear market as Bitcoin drop

Bitget-RWA2025/11/23 04:34
Bitcoin Updates: Hybrid Investment Strategies Drive Surge in Bitcoin Purchases Amid Ongoing Market Slump

Bitcoin Updates Today: The Future of Bitcoin in 2026 Hinges on Federal Reserve's Actions on Inflation

- Bitcoin's 2026 recovery depends on Fed inflation policy linked to CPI, PPI, and PCE metrics. - Persistent CPI/PCE inflation above 2% delays rate cuts, increasing Bitcoin's opportunity cost as non-yielding asset. - PPI input cost trends influence manufacturing pricing, prolonging inflation risks for Bitcoin's bearish environment. - PCE's alignment with consumer behavior shifts could accelerate Fed rate cuts, boosting Bitcoin's appeal as monetary easing hedge. - Housing/energy inflation volatility and Fed

Bitget-RWA2025/11/23 04:34
Bitcoin Updates Today: The Future of Bitcoin in 2026 Hinges on Federal Reserve's Actions on Inflation