Ethereum [ETH] whales (1K-10K ETH holders) have net-accumulated the most ETH they ever did in a single day since 2018. This was a whopping $2.5 billion in ETH absorbed by whales, as shown quite clearly by Glassnode data.
This upward sharp spike on the histogram confirmed this record whale net position change. It was a knee-jerk that reflected the same kind of gathering that was witnessed in 2017, right before the significant bull run of Ethereum.
The quantity of supply by the whales started gaining swiftly as it moved back past the 14 million ETH level after showing a multi-year decline.
Meanwhile, price action of ETH was declining, indicating that the whales were front running retailing in a stealth accumulation play.
Previous episodes of this kind of accumulation of whales have been followed by a significant bullish run in ETH. In case the pattern maintained the same trend as 2017, then a huge price breakout might be in store.
The chart confirmed rising whale conviction, thus, it was possible that low retail action would be followed by the hurricane. A historic step may be in the offing by ETH.
ETH inflows and institutional adoption surge
Over the past week, Ethereum saw a net inflow of over $450 million into spot ETFs—marking the third-largest weekly inflow since August 2024.
This surge reflected a strong wave of institutional buying, reinforcing the idea that quieter market periods often become accumulation phases for banks, institutional investors, and other savvy players.
Interestingly, this renewed interest came as ETH’s price hovered near a key support level, even while inflows were rising—a classic sign of bullish divergence.
While March and April 2025 were marked by bearish ETF outflows, the tide shifted in May and June with two consecutive weeks of strong inflows.
This shift signals growing market confidence and a potential turning point for Ethereum’s momentum.
A bullish setup appears to be forming for Ethereum, driven by a notable drop in exchange supply and a surge in inflows.
Rather than signaling a market top, these dynamics suggest a consolidation phase that could precede a breakout.
Since early 2025, data from Token Terminal has shown a parabolic rise in tokenized assets under management on Ethereum.
Major institutions such as BlackRock, PayPal, and Franklin Templeton have contributed to this growth, signaling a significant increase in institutional trust in Ethereum’s infrastructure.
Ethereum is increasingly establishing itself as a financial hub, now anchoring over $4 billion in tokenized real-world assets (RWAs).
Historically, strong capital inflows and the rising adoption of RWAs often precede major price revaluations. If this trend continues, Ethereum may be on the verge of a significant breakout.