Ether falls below $3,000 as whales and institutions buy over $130M

Ether closed below $3,000 on Tuesday, and onchain data showed whales and institutional investors bought more than $130 million in ETH during the dip. ETH dropped 7.83% to $2,938 on Tuesday, its largest daily correction since November 4, 2025, and Lookonchain reported accumulation by whales and institutions.

Trend Research borrowed 70 million USDT from Aave to buy 24,555 ETH worth $75.5 million, bringing its holdings to 651,310 ETH valued at $1.92 billion, while an OTC whale address acquired 20,000 ETH worth $58.8 million via FalconX and Wintermute. BitMine added 92,511 ETH in January, valued at $268 million, and said it expects to become the largest Ethereum staking entity once 4.2 million ETH is fully staked, projecting $367 million to $393 million in annual staking rewards plus $35 million to $40 million from cash operations.

At the same time, BlackRock moved 30,828 ETH (about $91 million) to Coinbase Prime on Wednesday. Technicals also turned cautious: the close below $3,000 pushed price beneath the four-month point of control near $3,100 and coincided with a bearish break of structure, while $287 million in leveraged positions were liquidated in 24 hours, with longs accounting for $257 million.

Indicators are mixed: whale accumulation suggests growing confidence, but Hyblock data shows the whale-versus-retail delta flipped negative to -6,480 and points to rising short-term risk, and analysts say ETH could test external liquidity zones around $2,718 and $2,620.

Key Topics

Crypto, Ether, Whales, Bitmine, Trend Research, Blackrock