Ethereum Whales Double Down: $1B Investment Signals Bullish February
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Ethereum whales have recently demonstrated significant confidence in the cryptocurrency’s long-term potential by adding over $1 billion worth of ETH to their holdings.
This substantial accumulation comes at a time when Ethereum’s price has experienced a 6.7% decline in January 2025, dropping from $3,400 to $3,183.
Despite this downturn, historical data and seasonal trends suggest a brighter outlook for Ethereum in the coming months, particularly in February and March, which have traditionally been strong periods for ETH price performance.
Whale Activity & Market Dynamics
Recent data highlights a surge in whale activity, with large-scale investors actively purchasing Ethereum during its price dip.
Over the past week, mid-tier whales acquired approximately 1.1 million ETH, valued at $3.5 billion, to stabilise the market amid selling pressure from larger holders.
Additionally, 13 new ‘mega whales,’ each holding over 10,000 ETH, joined the Ethereum network within the last 24 hours, further signalling robust accumulation and optimism about Ethereum’s future.
This whale activity aligns with broader market indicators such as rising funding rates and open interest in Ethereum futures markets.
These metrics suggest that traders are increasingly betting on Ethereum’s upside potential, despite recent volatility.
Historical Seasonal Trends
Ethereum’s historical performance provides additional reasons for optimism.
Over the past six years, February has consistently been a bullish month for ETH, with gains recorded in all but one year.
Notably, February 2024 saw a remarkable 46% increase in Ethereum’s price, climbing from $2,280 to $3,380. Similarly, March has shown positive returns in seven out of the last nine years.
These seasonal trends are supported by statistical analysis of Ethereum’s monthly returns. February and March rank among the strongest months for ETH historically, with average gains of 35% and 30.6%, respectively.
While the outlook is promising, certain risks remain. The market could experience short-term volatility due to excessive leverage and fluctuating investor sentiment.
Additionally, broader macroeconomic factors and regulatory developments may influence Ethereum’s trajectory.
Data: eToro