A major Ethereum whale acquired 166,199 ETH worth $435M in two weeks, signaling growing institutional interest and confidence.
Ethereum’s cumulative net flow soared over 0.31% since May 21, surpassing Bitcoin and reflecting shifting capital allocation trends.
Funding rates turned positive in late April and remained elevated through June, indicating strong bullish sentiment in ETH derivatives.
According to Lookonchain, a major Ethereum whale, potentially linked to ConsenSys, added 5,463 ETH worth $14 million via OTC just three hours ago. This entity has acquired 166,199 ETH over the past two weeks, valued at $435 million. The average cost per ETH stands at approximately $2,618. This aggressive accumulation signals strong institutional interest despite broader market uncertainty.
Ethereum Flow Outpaces Bitcoin as Institutional Momentum Builds
According to data from analyst BlackMen, Ethereum’s cumulative net flow surged aggressively between May 21 and June 9. The flow rose from 0.02% to over 0.31% of market capitalization. Conversely, Bitcoin’s flow remained stable with moderate fluctuations. It peaked near 0.205% on May 28 before correcting to 0.15% in early June.
Source: Blackmen(X)
Besides, Bitcoin showed a gradual climb in net flows starting in early May. However, Ethereum’s movement remained dormant until mid-May. Flow activity for Ethereum intensified rapidly from May 21, reflecting increasing investor allocation.
Both assets recorded net-positive flows during the period. This indicates strong capital inflows adjusted for market cap. Bitcoin’s flow consistency reflects sustained investor confidence, while Ethereum’s late surge highlights shifting capital dynamics.
Hence, Ethereum’s accelerated flow suggests stronger institutional conviction during the final weeks of the data window. This divergence in flow trends shows evolving market preferences between the two leading cryptocurrencies.
Funding Rate Trends Confirm Bullish Ethereum Sentiment
Per the data from Coinglass, Ethereum funding rates ran parallel to price trends from March to June. During the middle of March, ETH was trading at almost $3,150 before plummeting to $1,310 by early April. Negative funding rates of up to -0.009% appeared during this price drop.
Source: Lookonchain
However, Ethereum rebounded in late April. Prices climbed steadily toward $2,600, and funding rates turned positive. Consequently, bullish leverage increased. By May, the funding rates remained positive, mostly exceeding 0.006%.
During times of high momentum, 8-hour intervals also displayed spikes exceeding 0.012%. Increased trader confidence and lengthy domination are shown by these tendencies. In May and June, Ethereum's price also stabilized at $2,400 and $2,800. Funding rates remained high, suggesting that optimism was still present.
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