Whale Buys Dip: $235M Ethereum Bet Shocks Markets-What Happens Next?

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Ethereum slipped past the stubborn barrier of two thousand eight hundred dollars, stooping to 2,787, before a chorus of buyers mustered the necessary gravity to defend the wall.

At the moment of writing, it lingered at 2,863, down 2.63% for the day, and the week wore on with a melancholy downward drift.

With the coin’s misfortune persisting and the price still slipping, the whales and the institutions continue to buy the dip-the sort of stubborn generosity you expect from guests who refuse to leave the parlor.

Ethereum whales and institutions continue to buy the dip

After it slipped under $2.8k, a fresh window for investment opened for the big players. Onchain Lens reports a newly minted wallet bought 61,000 ETH, worth $171.15 million, from Binance.

Lookonchain likewise records another whale purchase: OTC Whale bought 20,000 ETH for $56.13 million.

In five days, this same whale has taken 70,013 ETH, worth $203.6 million, and now holds 100,130 ETH, valued at $283.79 million.

Furthermore, World Liberty Financial [WLFI] tilted from Bitcoin [BTC] to ETH as Ethereum becomes increasingly affordable.

According to Lookonchain, WLFI swapped 93.77 WBTC, worth $8.08 million, for 2,868 ETH. In total, these whales accumulated 83,868 ETH worth $235.41 million.

Often, when the powerful accumulate during a spell of weakness, there is a certain quiet conviction in the air. These market players regard the moment as brief and positive enough to warrant more tokens.

Moreover, exchange activity echoed this whale-driven accumulation phase. According to CoinGlass, Ethereum has recorded negative Netflow for three consecutive days, with $2.69 billion in ETH flowing out of exchanges.

At press time, Netflow was -$68.9 million, a sharp drop from -$224 million the day before. A sustained negative netflow suggested higher outflows, a sign of aggressive spot accumulation, if you fancy a bit of drama in your ledger.

Panic sellers remain extremely active

While some whales and institutions have chosen to accumulate ETH at a discount, others panic amid the long stay below $3k.

Lookonchain records a whale panic-sold 5,500 ETH for $16.02 million at $2,912. Just days earlier, the same creature purchased 2,000 ETH for $5.97 million at $2,984.

Historically, this particular whale tends to buy higher and sell lower, a habit that would shame any gambler who kept a diary of losses.

Additionally, a long-dormant whale returned after nine years and deposited 50,000 ETH worth $145.25 million, according to Lookonchain.

When whales sell during a downtrend, fear and a lack of conviction often push them to close positions to avoid further losses. This ongoing selling adds a touch more gravity to the market, and prices, being polite, descend.

Bearish momentum is still prevalent

Despite ongoing whale accumulation, ETH faces intense downside pressure, making whale demand seem insufficient for an upside reversal.

On the contrary, the downward momentum remains elevated. In fact, the altcoin’s MACD dropped to -51, sinking deeper into the bearish zone and declaring seller dominance with a weary sigh.

Likewise, its Relative Vigor Index (RVGI) also fell into negative territory, currently at -0.3, a quiet vote of no confidence from the technicals.

These market conditions hint at a potential continuation of the trend, with ETH likely to dip below $2.8k again toward $2633. Yet the floor around $2.8k remains, guarded by the very whales who keep buying, and their sustained demand could lift ETH toward $3070, if the stars align and the coffee is strong.

Final Thoughts

  • Ethereum whales continue buying the dip, adding 83,868 ETH worth $235.41 million.
  • Ethereum [ETH] dipped to $2.7k before slightly rebounding to $2.8k amid intense bearish pressure.

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2026-01-26 15:38