Lookonchain's blockchain analysis reveals that an unidentified institution created three new wallets last week. The firm also withdrew 92,899 ETH from Kraken, worth approximately 412 million dollars.
Typically, market analysts interpret such withdrawals as a bullish sign, indicating that investors are moving coins to self-custody with a long-term holding strategy. Meanwhile, Donald Trump's DeFi company, World Liberty, has also joined the buying wave.
On-chain data shows that the firm invested 8.6 million USDC to buy 1,911 ETH at an average price of 4,500 dollars per ETH. At the same time, the firm allocated another 10 million dollars to buy 84.5 Wrapped Bitcoin (WBTC) at 118,343 dollars per coin.
Additionally, the Ethereum-focused firm BitMine made the most significant individual move during the period. Lookonchain reported that the company added 106,485 ETH to its balance at a cost of 470 million dollars.
This brings BitMine's Ethereum treasury to 1.17 million ETH, now valued at approximately 5.3 billion dollars. The firm led by Tom Lee is the largest corporate holder of an Ethereum reserve.
These institutional moves follow Ethereum's recent correction after weeks of bullish momentum that nearly brought ETH to its all-time high.
Market analysts point out that the timing and scale of these institutional purchases indicate a calculated accumulation strategy rather than speculative trading.
Notably, institutional appetite is driven by increased exposure to ETFs and the emergence of treasury companies. Together, these entities have accumulated over 10 million ETH, or around 40 billion dollars, of the digital asset.
Considering this, the blockchain analysis platform Santiment suggests that Ethereum currently holds a modest short-term advantage over Bitcoin in market sentiment.
Santiment's analysis shows that Bitcoin rallies often generate buzz on social media. In contrast, Ethereum's steady performance over the past three months has attracted measured and patient accumulation by whales instead of a public frenzy.
According to the firm, this disciplined approach suggests that institutions are positioning themselves for sustained growth. It also reinforces Ethereum's role as a leading macro play in the digital asset market over the next decade.
