Ethereum whales sold roughly $1.8B in the last two weeks, reducing large-wallet holdings by about 380K–430K ETH and compressing balances from ~13.36M to ~12.98M ETH; exchange outflows supported rallies to $4,800 while large inflows later sparked short-term profit taking.
Whales reduced large-wallet balances by ~380K–430K ETH in two weeks.
Exchange outflows helped push ETH toward $4,800; inflows above $250M triggered profit taking.
Persistent outflows between Aug 25–30 signaled continued accumulation despite volatility.
Ethereum whales sold $1.8B, reducing large-wallet balances and driving exchange flow volatility — read insights and next steps from COINOTAG.
What caused Ethereum whales to sell $1.8B over two weeks?
Ethereum whales sold approximately $1.8B worth of ETH as large holders opportunistically distributed into strength while prices traded between $4,200 and $4,800. The moves combined targeted profit taking and portfolio rebalancing, with analyst Ali reporting 380K–430K ETH moved off large wallets to exchanges and OTC channels.
How did exchange flows affect ETH price action?
Net exchange flows showed mixed signals that matched price swings. Early August inflows above $200M coincided with upward momentum from $3,400 to $4,000. Subsequent outflows (often exceeding -$150M) supported the rally to ~$4,800. Later, a spike of inflows above $250M around Aug 22 prompted short-term selling pressure and a pullback.
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Between July 28 and August 11, wallets holding 1,000–10,000 ETH maintained balances near 13.32–13.36M ETH. During that period Ethereum traded lower, near $3,200–$3,600.
As balances slipped in early August, price momentum reversed. By August 13 ETH climbed to roughly $4,800. Large-holder balances then declined from 13.36M ETH to ~12.98M ETH by August 27, representing substantial distribution into higher prices while the market remained elevated.
Exchange inflows generally increase sell-side supply; outflows typically indicate accumulation or transfer to cold storage. From Aug 6–8 inflows supported a price rise from $3,400 to $4,000. From Aug 9–14, dominant outflows aligned with the rapid push toward $4,800. On Aug 22, net inflows above $250M corresponded with a brief move toward $5,000 and subsequent profit taking.
Demand from spot buyers, OTC accumulation, and ongoing off-exchange transfers absorbed much of the sell pressure. Large outflows from exchanges indicated that a portion of distributed ETH was moved to custody or long-term storage, which reduced immediate market supply and helped sustain the elevated range.
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Source: https://en.coinotag.com/whale-selling-and-exchange-flow-shifts-may-be-driving-ethereums-4200-4800-price-range/