Two Whales Buy $106.4M in Ether as Spot ETFs Shed Funds
- —First whale sold 1,107 BTC for $86.76M on Hyperliquid and bought 34,422 ETH for $86.5M
- —Second withdrew 7,567 ETH worth $19.93M from Binance to a private wallet
- —ETH trades near $2,720, up almost 6% on the day, with six straight green sessions
- —Spot ETH ETFs recorded net outflows last week
Why it matters: The rally is being driven by individual whales rather than institutions, leaving its durability dependent on ETF flows returning and a clean break above $2,800.
Source: Kryptoszene