Many key institutional investors are taking advantage of the recent drop in Ethereum's price to expand their holdings, pointing to their focus on long-term exposure rather than short-term gains.
Market sentiment towards Ethereum outperforms Bitcoin with increased accumulation.
Blockchain analytics from Lookonchain reveal that an unnamed institution created three new wallets last week. The company also withdrew 92,899 ETH, worth approximately $412 million, from Kraken.
Market analysts often interpret such withdrawals as a bullish signal, indicating that investors are moving coins to self-custody with a long-term holding strategy.
At the same time, Donald Trump's DeFi project, World Liberty, joined the buying wave.
On-chain data shows that the company spent $8.6 million USDC to purchase 1,911 ETH at a price of about $4,500 each. At the same time, the company allocated another $10 million to purchase 84.5 wrapped Bitcoin (WBTC) at a price of $118,343 per coin.
Additionally, the Ethereum-focused company, BitMine, made the largest single move during the period. Lookonchain reported that the company added 106,485 ETH to its balance sheet at a cost of $470 million.
This raises BitMine's Ethereum treasury to 1.17 million ETH, which is now valued at about $5.3 billion. The company, led by Tom Lee, is the largest corporate Ethereum reserve holder.
These institutional moves follow Ethereum's recent correction after weeks of upward momentum that nearly brought ETH to its all-time high.
Market analysts point out that the timing and size of these institutional purchases indicate a calculated accumulation strategy rather than speculative trading.
It is worth noting that institutional appetite is driven by increased exposure to exchange-traded funds and rising treasury companies. Together, these entities have raised over 10 million ETH, or about $40 billion, in digital assets.
Considering this, the blockchain analytics platform Santiment suggests that Ethereum currently holds a modest short-term advantage over Bitcoin in market sentiment.
Santiment's analytics showed that Bitcoin rallies often generate buzz on social media. In contrast, Ethereum's consistent performance over the past three months has attracted measured and patient accumulation by whales instead of public frenzy.
According to the company, this disciplined approach indicates that institutions are positioning themselves for sustainable growth. It also reinforces Ethereum's role as a leading macro tool in the digital asset market over the next decade.
