Is ETH About To Explode ? Whales Are Preparing For A Surge

In a crypto market undergoing upheaval, whale accumulation of Ether is gaining momentum. Despite a price that remains below $3,000, this trend, combined with a reduction in supply on exchanges, could trigger a significant price movement. Meanwhile, long positions on derivative contracts are multiplying, adding further pressure on the market.

Whale accumulation of Ether : a sign of mounting pressure

For several weeks, the Ether market has been marked by an unprecedented accumulation of the crypto by institutional actors and whales. Despite an ETH price compressed below the $3,000 mark, these large entities continue to buy massively, indicating long-term confidence in the crypto’s future.

This trend could have significant implications for price development as supply on exchange platforms tightens.

Here are the key facts of this massive accumulation :

• Accumulation by the whale “66k ETH Borrow Whale” : this entity added 40,975 ETH, worth approximately $121 million, bringing its total purchases to 569,247 ETH (about $1.69 billion) since the start of November ;

• The crypto analyst CW’s statement : the big whales have not taken profits in this cycle and continue to increase their positions ;

• Another major player is Bitmine : this company has intensified its purchases with a recent acquisition of 67,886 ETH ($201 million), bringing its total holdings to 4.06 million ETH, about 3.37 % of the total ETH supply.

These purchases, although relatively discreet in terms of immediate price movement, signal increased confidence of large investors in ETH’s future. Indeed, these actors seem to be preparing for a potential long-term rebound despite the absence of immediate gains.

Ether supply contraction and the rise of leverage

While whale accumulation seems to be a key factor in the current tension, another dynamic is just as crucial: the reduction of ETH supply on exchanges and the increasing use of leverage.

Latest supply data shows that the ratio of ETH available on platforms like Binance has dropped to its lowest level since September 2024, with only 3.2 % of the total supply present on these markets.

This contraction of supply on exchange platforms, combined with a rise in long positions on derivative contracts — 70 % of global positions are currently long — intensifies market pressure.

The increase in leverage ratio, which reached a record high of 0.611, indicates that traders are deploying an increasing amount of borrowed funds to maximize their long positions. This rise in leverage not only increases the risks of massive liquidations in case of a market reversal but also the possibilities of a spectacular breakout if the pressure continues to build.

According to crypto analyst CW, large whales not taking profits combined with heavy leverage exposure could create fertile ground for a rapid price increase, particularly if support levels around $2,600 are wiped out by a liquidity decline.

Whale accumulation of Ether and supply contraction on exchanges add growing pressure on the market. With multiplying long positions and potential for increased volatility, ETH may soon experience a turning point. Meanwhile, Ethereum’s record of 34,468 crypto transactions per second highlights the growing importance of its blockchain.