11 Wallets Receive 295,861 Ethereum ($1.19B) From Major Institutions: Accumulation Or OTC Shuffle?

Ethereum is struggling to defend the $4,000 level after losing more than 11% of its value since ￰0￱ sharp decline highlights how quickly sentiment has shifted, with bulls losing control of momentum and sellers stepping in to ￰1￱ pullback comes after weeks of upward pressure that had pushed ETH toward multi-month highs, but the latest selloff suggests the market has entered a corrective ￰2￱ Reading: ASTER Pushes To New All-Time High As Bullish Structure Supports Continuation – Details Despite this, not all analysts are ￰3￱ see the move as a healthy consolidation rather than the beginning of a deeper downturn, arguing that Ethereum is simply digesting its prior gains before attempting another push ￰4￱ key question is whether ETH can hold above the $4,000 mark, a level that now represents a psychological and technical battleground for ￰5￱ intrigue to the situation, Lookonchain reports that major institutions and liquidity providers, including Kraken, Galaxy Digital OTC, BitGo, and FalconX, have been sending massive amounts of ETH into a limited set of ￰6￱ unusual flow pattern has sparked speculation, with some suggesting these addresses may be linked to accumulation strategies or ETF-related ￰7￱ Accumulation By Big Players According to Lookonchain, 11 wallets collectively received 295,861 ETH—valued at approximately $1.19 billion—from major institutions and service providers, including Kraken, Galaxy Digital OTC, BitGo, and ￰8￱ large-scale transfer comes at a time when Ethereum is under intense pressure, trading just above the $4,000 mark after a sharp correction earlier in the ￰9￱ the broader market is struggling with volatility and fading momentum, these flows suggest that big players are positioning for the coming ￰10￱ scale and concentration of these transfers indicate strategic accumulation rather than short-term ￰11￱ wallets are often linked to entities that manage liquidity for institutional products, or in some cases, to accumulation addresses associated with long-term ￰12￱ behavior adds another layer to Ethereum’s current ￰13￱ price weakness, deep-pocketed buyers appear willing to absorb supply, signaling confidence in Ethereum’s medium- to long-term ￰14￱ argue that this type of activity often precedes a stabilization period, followed by a potential recovery once selling pressure ￰15￱ now, the spotlight is on whether Ethereum can defend the $4,000 ￰16￱ bulls manage to hold the line, this accumulation trend could provide the foundation for the next leg higher once market sentiment ￰17￱ Reading: Bitcoin LTH Selling Pressure Builds: 6–12M Coins Keep Flowing Onto The Market Testing Critical Demand Level Ethereum’s price action has entered a fragile stage as the chart shows ETH struggling to maintain the $4,000 level after a sharp ￰18￱ 4-hour candles highlight a significant breakdown from the $4,200 zone, with the price currently hovering just above $4,030.

This decline reflects the heavy selling pressure weighing on the market, consistent with ETH’s recent 11% drop since ￰19￱ moving averages illustrate the bearish shift ￰20￱ is trading below both the 50 EMA and the 200 EMA, signaling short-term momentum loss and potential for extended downside if bulls fail to reclaim these levels ￰21￱ steep rejection from $4,600 earlier in September now appears to be a local top, with successive lower highs confirming weakening ￰22￱ Reading: Bitcoin Net Liquidations Stay Negative Near $40M: Analyst Warns Downside Still In Play On the downside, $4,000 serves as a psychological support, but a decisive break below this level could expose ETH to deeper retracements toward $3,800.

On the flip side, a rebound above the EMAs would be a critical bullish signal, suggesting renewed ￰23￱ image from Dall-E, chart from TradingView