Ethereum whales and institutional investors acquired $1.37 billion in ETH during November 2025, amid a 12-28% price drop and exchange reserves reaching multi-year lows globally. The significant accumulation indicates potential bullish sentiment, although short-term market volatility persists due to ETF outflows and tight liquidity conditions.
Whales Accumulate During Ethereum's Price Decline
Ethereum's market dynamics are shaped by whale activity and institutional flows. Recent on-chain data reveals significant ETH accumulation despite price corrections.
"Whale activity and institutional flows prominently drive market sentiment," according to Vitalik Buterin, Co-Founder of Ethereum.
Notable actors include major exchanges and ETH-based funds, with no direct comments from Ethereum’s leadership. Whales accumulated ETH aggressively during a notable price drop.
$1.37 Billion in ETH Purchased by Institutions
Institutional accumulation totaled nearly 394,682 ETH valued at $1.37 billion. Exchange reserves dropped to their lowest since 2016, suggesting a potential liquidity squeeze. These dynamics indicate short-term undervaluation with a long-term possibility of a rebound. Institutional flows into derivatives reached $125 million despite negative market pressures.
Historical Whale Trends Suggest Rebound Potential
Past whale accumulation phases, notably in 2019 and 2023, preceded rebounds in ETH's value. These periods involved significant exchange outflows.
Experts suggest potential rebounds exist, but current resistance levels between $3,500 to $4,000 could challenge ETH's upward movement.