Whales Scoop $1.73B In Ether As Exchange Balances | Crypto News
Reports have disclosed that 16 wallets picked up 431,018 Ether between September 25 and 27, spending about $1.73 billion to do so. The buys got here through names like Kraken, Galaxy Digital, BitGo, FalconX and OKX.
That scale of accumulation pushed consideration back to who is shopping for the dip, and why bigger gamers appear keen to add publicity while costs wobble.
Exchange Balances Fall To 9-Year Low
According to Glassnode data, the quantity of ETH held on exchanges has plunged from roughly 31 million to about 14.8 million ETH — a drop of 52% from 2016 ranges.
Many of those cash are seemingly in staking contracts, cold wallets or institutional custody, and the latest launch of the first Ethereum staking ETF has helped pull more provide off exchanges.
Lower exchange balances imply fewer cash prepared to be bought immediately on exchanges, which might make price strikes sharper when big orders hit the market.
ETH Hovers Near $4,000 As Volatility Rises
Based on TradingView readings, ETH is trading around $4,011, down roughly 0.33% over the last 24 hours and more than 10% over the past week.
The token briefly slipped under $3,980 earlier in the session before climbing back, and it stays below a latest close of $4,034.
This two-week pullback has returned ETH to a key $4,000 assist space, and short-term swings have develop into more pronounced as holders reposition.
$3,700 Becomes A Line In Sand
Crypto analyst Ted Pillows has warned that the $3,700 to $3,800 zone might face heavy stress. Reports be aware that if ETH falls below $3,700, many margin positions might be worn out and spark pressured promoting that pushes costs decrease.
$ETH liquidity heatmap is exhibiting first rate long liquidations around the $3,700-$3,800 stage.
This stage might be revisited again before Ethereum reveals any recovery. pic.twitter.com/SQTbfrujAa
— Ted (@TedPillows) September 27, 2025
With fewer cash on exchanges and concentrated margin publicity, the short-term outlook is more fragile even as longer-term demand indicators look strong.
ETF Outflows Show Institutional Mood Can Flip
US-listed ETH funds recorded practically $800 million in outflows this week, their largest redemptions to date. Still, roughly $26 billion sits in Ethereum ETFs, equal to 5.37% of whole provide.
Whales keep accumulating $ETH!
16 wallets have acquired 431,018 $ETH($1.73B) from #Kraken, #GalaxyDigital, #BitGo, #FalconX and #OKX in the past 3 days.https://t.co/0DPxgZMGN7 https://t.co/xtPLBKo9LZ pic.twitter.com/oEXZKIErmr
— Lookonchain (@lookonchain) September 27, 2025
Those numbers underline how shortly institutional sentiment can change: big inflows can vanish just as fast, and ETF flows now add a new, sizable layer to price dynamics.
Lookonchain data also highlighted a prior accumulation of roughly $204 million in ETH, exhibiting related patterns of large gamers stepping up during dips.
Retail merchants seem more cautious for now. But the sequence of big buys from institutional-grade custodians suggests some consumers view dips as shopping for possibilities while others select to wait on the sidelines.
Featured image from Unsplash, chart from TradingView
Stay up to date with the latest trending crypto news! Visit our web site daily for the freshest Crypto news and content, rigorously curated to keep you informed.