Recently, the price of Ethereum (ETH) experienced a pullback, dropping from the $4,700 level to around $4,400, yet many institutional investors see this as a good entry opportunity, with significant increases indicating strong confidence in Ethereum's long-term value.
Blockchain data analysis shows that an unidentified institution established three new wallets last week and withdrew 92,899 ETH from the Kraken exchange, valued at approximately $412 million. Industry insiders point out that this behavior of transferring assets from exchanges to self-custody wallets is usually seen as a bullish signal, reflecting investors' tendency towards a long-term holding strategy.
Meanwhile, Donald Trump's DeFi project World Liberty is also actively participating in this buying spree. On-chain data shows that the project purchased 1,911 ETH for $8.6 million in USDC, at a unit price of about $4,500. Additionally, it invested $10 million to buy 84.5 Wrapped Bitcoin (WBTC) at an average price of approximately $118,343 each.
Another company focused on Ethereum, BitMine, took bolder actions. According to Lookonchain, BitMine increased its holdings by $470 million, acquiring 106,485 ETH, bringing its total Ethereum holdings to 1.17 million ETH, currently valued at around $5.3 billion, making it one of the entities with the largest Ethereum holdings in the corporate sector.
The purchases by these institutions coincide with the Ethereum price approaching historical highs. Market analysis suggests that this series of actions is not short-term speculation but rather a carefully planned accumulation of assets. The surge in institutional interest is attributed to the expanded exposure of Ethereum ETFs and the trend of companies incorporating it into their treasury assets. Statistics show that these entities collectively hold over 10 million ETH, valued at approximately $4 billion.
Blockchain analysis platform Santiment points out that the current market sentiment for Ethereum is slightly stronger than that for Bitcoin (BTC). Unlike the social media buzz that often accompanies Bitcoin price increases, Ethereum's steady performance over the past three months has attracted low-key positioning from institutions and whales. This restrained and disciplined accumulation approach indicates that institutions are preparing for Ethereum's long-term growth, solidifying its leading position in the digital asset market for the next decade.