Whale Buys $15.33M of ETH at ~$2,972 — Buys 5,157 ETH and Holds
A large crypto whale purchased 5,157 ETH at an average price of $2,972 per ETH, spending $15.33 million at around 01:00 UTC, according to on-chain analyst Yu Jin via PANews. The same whale had previously lost $13.73 million in November after high-price buys and quick sells over a week. Unlike that prior pattern, the whale did not immediately sell the recent ETH and is currently holding the position, although the current ETH price has fallen below the whale’s cost basis. Key details: whale purchase size 5,157 ETH; average price $2,972; total outlay $15.33M; timestamp around 01:00. This development signals significant on-chain buying interest but also carries risk since the holding is underwater. Traders should note potential short-term volatility around this position and watch on-chain flows, whale wallet activity, and ETH price action for signs of further accumulation or an eventual sell-off.
Neutral
The news is categorized as neutral. A $15.33M purchase of 5,157 ETH by a single whale is notable and indicates buying interest, but it is not large enough alone to drive a sustained bull run in ETH. Crucially, the whale previously lost money on quick high-price trades and this time is holding the position, yet the position is currently underwater — a condition that can increase short-term downside risk if the whale decides to liquidate. For short-term trading, expect heightened volatility around this wallet: further accumulation could be mildly bullish, while a sell-off would be bearish. Historically, large whale buys sometimes trigger short-lived price bumps, but their subsequent selling has amplified retracements (e.g., past instances where concentrated whale activity led to quick reversals). Longer-term impact depends on whether this signals broader accumulation by multiple large holders or remains an isolated trade. Traders should monitor on-chain metrics (wallet flows, exchange inflows/outflows, concentration), order book depth, and macro factors (ETH staking flows, broader crypto risk sentiment) to gauge direction.