Ethereum Latest Updates: Major Institutions and Large Holders Acquire $1.37B in ETH, Indicating Significant Market Recovery

Bitget-RWA2025/11/07 01:44

By:Bitget-RWA

- Ethereum's on-chain activity surged as institutions and whales bought 400,000 ETH ($1.37B) in three days, signaling potential market rebound. - A major whale repurchased 257,543 ETH ($896M) after borrowing from Aave , demonstrating long-term confidence despite volatility. - Analysts predict ETH could reach $4,800–$10,000, citing improved scalability, institutional adoption, and pre-upgrade accumulation trends. - Upcoming Fusaka upgrade and strong on-chain metrics reinforce bullish sentiment, with ETH tra

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Ethereum’s on-chain metrics are once again displaying signs of bullishness

momentum

as major investors and institutions have acquired close to 400,000 ETH—valued at more than $1.37 billion—within a span of three days, according to a

CryptoNews report

. This wave of accumulation, fueled by both renewed purchases and new investments, has led to speculation that the market could be gearing up for a notable recovery in the near future.

The most significant buyer during this period was an

Ethereum

whale who had earlier borrowed 66,000 ETH from

Aave

. According to the CryptoNews report, this wallet has now bought back 257,543 ETH at an average cost of $3,480, injecting $896 million into the Ethereum ecosystem. This action demonstrates strong confidence in Ethereum’s future prospects, despite recent market swings. The article also mentions that Bitmine, 7 Siblings, and OTC traders have all expanded their ETH portfolios during the recent correction.

Market analysts are monitoring this accumulation trend, pointing out that such significant buying activity often comes before major price movements. Some experts believe Ethereum could reach new record highs, with forecasts ranging from $4,800 up to $10,000. CoinDCX, a crypto exchange based in India, has set a $4,800 target, attributing it to enhanced network scalability and growing institutional participation, the report states. Meanwhile, Lacie Zhang from Bitget Wallet described the current environment as a “cautious calm,” and suggested that positive macroeconomic indicators could propel ETH toward $4,200 in the short term.

Optimism is also being fueled by the upcoming Fusaka upgrade for Ethereum, scheduled for December. The CryptoNews article notes that institutional demand has already increased ahead of the hard fork, with on-chain data reflecting a strengthening upward trend after recent short liquidations. At the time of writing, Ethereum was trading at $3,421, marking a 3.72% gain over the past 24 hours, and technical analysis suggests a potential 25–30% rise by the end of 2025.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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1. Technology stocks fell sharply as investor interest shifted toward energy and selected defensive assets. From October 10 to 16, the Nasdaq 100 declined 5.49% and the S&P 500 fell 1.95%, while the Dow gained 0.67% and WTI crude rose 10.41%. BTC, ETH, and SOL declined 1.27%, 2.65%, and 4.44%, respectively. This week's technology earnings will be an important test of whether revenue growth, margins, and cash flow can justify current valuations. Better-than-expected results could help stabilize markets in the near term. 2. Crypto continues to see pockets of strong activity, but a broad-based altcoin season has yet to materialize. CoinMarketCap's (CMC) Altcoin Season Index stood at 54 as of the October 18 UTC daily observation, below the altcoin-season threshold of 75, while BTC dominance rose to 60.08%. Our proxy leverage ratio fluctuated between 4.00 and 4.07 during the week, showing no sustained increase and suggesting limited appetite for additional leverage. Meanwhile, as major exchanges expand access to traditional financial assets, the recent sell-off in AI-related equities could attract short-term speculative capital away from crypto. Such capital rotation could make it more difficult for a new altcoin season to take hold. 3. Papertrade's loss-to-mine model has generated significant interest across the crypto community. The protocol combines high-leverage derivatives trading with zero slippage and a mechanism that rewards trading losses with PAPER tokens. Across the eight complete UTC days from October 10 to 17, cumulative reported revenue reached approximately $56.08 million, including $51.90 million distributed to token holders. With growing participation from key opinion leaders (KOLs), Papertrade has reportedly ranked among the top three platforms by profitability in the broader market recently. Assets to watch: BTC, ETH, SOL, ARB, OP, SKHYNIX, SKHY, META, TSLA, LRCX, and SPCX. Key research priorities this week: Cash flow performance in technology earnings; the relative discount and holding costs of the two SK Hynix contracts; and U.S. initial jobless claims and PMI data. Weekly market data cover the period through October 16, while research information was verified through October 18. Observation periods are specified separately for each chart.

Bitget•2026/10/19 06:51