Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Ethereum Updates: Major Whale Amasses $140M in ETH Despite ETF Withdrawals, Igniting Market Discussion

Ethereum Updates: Major Whale Amasses $140M in ETH Despite ETF Withdrawals, Igniting Market Discussion

Bitget-RWA2025/11/16 01:14
By:Bitget-RWA

- Ethereum whale "66kETHBorrow" deposits $140.2M in ETH into Binance and Aave V3, amassing 385,718 ETH ($1.33B) since November. - Whale's leveraged strategy includes $120M USDT borrowing from Aave, signaling high-conviction bets on ETH's price recovery amid market volatility. - Analysts debate risks vs. resilience: Some praise "4D chess" tactics, others warn of "speedrunning liquidation mode" due to aggressive leverage. - Whale's actions contrast with $183.77M ETF outflows, creating uncertainty as accumula

A prominent

(ETH) whale, previously recognized for shorting 66,000 ETH via borrowing, has ramped up its accumulation efforts by moving 44,000 ETH—valued at $140.2 million—into Binance and V3.
Ethereum Updates: Major Whale Amasses $140M in ETH Despite ETF Withdrawals, Igniting Market Discussion image 0
This whale’s recent maneuvers, , reflect a strong leveraged bet on Ethereum’s price recovery amid ongoing market turbulence.

Known as "66kETHBorrow," the whale has accumulated 385,718 ETH (worth $1.33 billion) since early November,

. Recent activity includes borrowing $120 million in from Aave and sending it to Binance, a transaction . This comes after a previous purchase of 39,658 ETH ($125.09 million) from Binance, which was . The whale’s Aave account maintains a health rate above 2.0, suggesting there is enough collateral to avoid liquidation despite the high leverage.

Experts are split on the significance of these moves. Some interpret the strategy as a confident wager on Ethereum’s long-term strength, with crypto analyst Joe @SelfSuccessSaga describing it as “4D chess”—alluding to highly sophisticated trading strategies. Others highlight the dangers of heavy leverage, joking that the whale is “speedrunning liquidation mode.” These actions stand in contrast to recent ETF outflows, which

on November 12, causing Ethereum’s price to drop to $3,416.

The market’s response to the whale’s activity has been mixed. While ETH’s price has steadied near $3,480, some traders believe ongoing accumulation could trigger a short-term price surge. On-chain data from CryptoQuant indicates

, pointing to continued whale involvement, though retail investor activity is still muted. The gap between institutional selling and whale buying has left traders unsure about ETH’s immediate trajectory.

The whale’s upcoming actions may determine if this accumulation sparks a broader market recovery. Should the $120 million USDT recently moved to Binance be used to buy more ETH,

, ($1.7 billion), further strengthening the whale’s impact on Ethereum’s price movement. Still, without a turnaround in institutional investment, as short-term fades.

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

The Momentum ETF (MMT) Rally: Institutional Accumulation and the Mindset Behind Small-Cap Expansion in 2025

- Momentum ETF (MMT) surged 1330% in Q3 2025 due to $10M institutional investments from Coinbase Ventures, OKX, and Jump Crypto. - Market psychology shifts toward small-cap growth as Hartford Funds forecasts 2025 small-cap earnings to outpace large-cap peers amid macroeconomic uncertainty. - MMT's $12B DEX volume and $265M TVL highlight liquidity-driven speculation, but analysts warn long-term success depends on proving real-world utility beyond short-term inflows. - Mercurity Fintech's inclusion in MSCI S

Bitget-RWA2025/11/16 11:26
The Momentum ETF (MMT) Rally: Institutional Accumulation and the Mindset Behind Small-Cap Expansion in 2025

Bitcoin News Update: DeFi Faces Liquidity Challenges Amid Bitcoin Falling Under $100K

- Bitcoin's drop below $100K triggered DeFi liquidity crises, with $650M in leveraged positions liquidated as automated stop-losses activated. - Wrapped Bitcoin (WBTC) integrated with Hedera blockchain to reduce MEV and frontrunning, aiming to inject liquidity into DeFi protocols. - Hyperion DeFi reported 60% MoM validator growth and new partnerships, emphasizing staking yields over leveraged positions to avoid market volatility. - Analysts like Tom Lee predict 6-8 weeks for recovery, contingent on stabili

Bitget-RWA2025/11/16 10:52
Bitcoin News Update: DeFi Faces Liquidity Challenges Amid Bitcoin Falling Under $100K

Assessing How Recent Ecosystem Enhancements Influence Trust Wallet Token (TWT) Price Forecasts

- Trust Wallet's Q4 2025 upgrades expanded TWT's utility through FlexGas (gas fee payments) and Trust Premium loyalty incentives, transforming it from governance to transactional token. - TWT surged 129% to $1.6 by October 2025, fueled by Binance CZ's endorsement and institutional validation of its ecosystem-driven value proposition. - The token's growth aligns with multi-token economy trends, emphasizing cross-utility, stability, and transparency through fixed supply models and public audits. - While regu

Bitget-RWA2025/11/16 10:50
Assessing How Recent Ecosystem Enhancements Influence Trust Wallet Token (TWT) Price Forecasts

Astar (ASTR) Price Rally: Cross-Chain Compatibility Fuels Altcoin Value Growth

- Astar (ASTR) surged in late 2025 due to strategic blockchain interoperability advancements and partnerships. - Collaboration with HTX includes TGE Catalyst Grants, listing acceleration, and CEX partnerships to boost DeFi adoption. - Astar 2.0's zkEVM and CCIP integration achieved 150,000 TPS, targeting 300,000 TPS by 2025 with enterprise partnerships. - Interoperability-driven projects like Astar are reshaping altcoin valuations, aligning with growing institutional DeFi demand.

Bitget-RWA2025/11/16 10:28
Astar (ASTR) Price Rally: Cross-Chain Compatibility Fuels Altcoin Value Growth