"Mysterious" Whale gets on board and accumulates BTC and ETH, alts season flashes key signals.

The cryptocurrency market has recently seen significant changes, with whales actively accumulating Bitcoin (BTC) and Ethereum (ETH), indicating that the market may be entering a new pump cycle. According to on-chain data from Arkham Intelligence, whales are actively amassing more Bitcoin and Ether. For instance, one whale acquired 12,000 ETH from Galaxy Digital in the past 2 hours, valued at approximately $45.47 million. These massive capital flows have not only driven ETH prices to set a new historical high but have also sparked intense discussions in the market about the impending altcoin season.

Ethereum Whale Accumulation: New Wallet and Institutional Confidence

Since July 9, a total of 9 new wallets have accumulated 640,646 ETH, worth approximately 2.43 billion dollars. On-chain data also shows that a mysterious Whale wallet currently holds 112,972 ETH, worth about 426.7 million dollars. In the past 7 days, this wallet address has also accumulated over 100 ETH, worth more than 370 million dollars.

The scale and timing of these purchases have sparked speculation about the motivations behind the accumulation and its potential impact on the overall market. Analysts point out that making such large-scale purchases using a new wallet indicates a strategic positioning, possibly by institutional participants or high-net-worth individuals seeking to establish long-term exposure without triggering market volatility.

Bitcoin Whale Accumulation: Selling Pressure Eases

Recent data has also highlighted the trend of Whales accumulating Bitcoin, with the seller risk ratio dropping to a historical low of 0.24, indicating that large-scale selling pressure is weakening. Over the past two weeks, the trend accumulation score for this asset has approached 1.0, showing strong purchasing interest from institutional investors and Whale investors in Bitcoin.

Arkham Intelligence also revealed that Anchorage Digital accumulated 10,141 BTC from multiple wallets in the past 9 hours, worth approximately 1.19 billion dollars.

(Source: Arkham)

ETH perpetual contracts surpass BTC: Large amounts of capital flow into the alts market

Ethereum continues to surge, reaching a historic high of $3,940.66 on Monday, up 52.20% over the past 30 days. As of the time of this writing, the trading volume of this digital asset is approximately $3,817, having risen 1.81% in the last 24 hours. Bitcoin also set a historic high of $123,091 on July 14, but has since slightly retreated, currently around $118,000.

ETH strategic reserves show that the amount of Ether held by Whales and institutions has surged from 1.2 million to 2.3 million in four weeks. Analyst Ali Martinez stated that Whales have also purchased over 1.13 million ETH (worth $4.18 billion) in the past two weeks.

ETH Fund Management Company Increases Holdings in Ethereum: Enterprise Adoption Accelerates

Standard Chartered Bank reported on Tuesday that corporate finance companies have increased their holdings of Ethereum, purchasing approximately 1.26 million ETH in just two months, accounting for about 1% of the circulating total of ETH. Geoffrey Kendrick, the head of global digital asset research at Standard Chartered Bank, believes that ETH fund management companies are just getting started and may purchase more than ten times the current amount in the future. He also thinks that such companies could hold 10% of all circulating ETH. Currently, Bitcoin fund management companies hold about 4.4% of the total supply of BTC, with the Strategy fund holding nearly 3%.

BitMine (BNMR) is the largest ETH asset management company to date, holding approximately 625,000 Ether, worth over $2.3 billion. Tom Lee's investment firm also revealed that the plan controls over 5% of the total ETH supply. SharpLink Gaming (SBET) has also conducted multiple rounds of ETH purchases, and according to on-chain analysis, it holds over 438,000 ETH, making it the second-largest ETH holder. The latest purchase of approximately 77,210 ETH by SBET also exceeded the total amount of ETH issued in June.

In addition to BNMR and other existing holders, there may also be several new entrants over time. In the field of Bitcoin asset management, MSTR took several years to cultivate a group of significant purchasing imitators.

ETH/BTC Ratio Changes and Future Outlook

From the ETH/BTC ratio perspective, ETH has outperformed BTC recently, with the ratio rising from 0.032 in April to 0.018. Kendrick believes this reflects strong buying by fund management companies and an increase in fund inflows into ETH exchange-traded funds (ETFs). Cryptocurrency researchers at Standard Chartered also believe that if this inflow continues, ETH may break through the key level of $4,000, which is Standard Chartered's current forecast for the end of 2025.

Kendrick stated that Ethereum treasury bonds have more bullish potential than treasury bonds focused on Bitcoin. He believes that ETH treasury bonds can earn staking rewards (approximately 3%) and gain decentralized financial leverage, thus having greater advantages.

Conclusion:

Whales are actively accumulating Bitcoin and Ethereum, especially the massive increase in Ethereum holdings and the trading volume of ETH perpetual contracts surpassing Bitcoin, which suggests that the market may welcome a new pump cycle, potentially triggering an alts season. The enterprise-level Ethereum adoption strategy is also accelerating, providing a solid foundation for ETH's long-term value.