$120 Million Ethereum Buy Signals Smart Money Accumulation

CryptoGoos reports a major whale transaction. A single entity purchased 38,576 ETH today. The buy totaled roughly $120 million. The whale executed the purchase through Binance. On-chain data confirms the transfers. Arkham Intelligence tracked the inflows directly from Binance’s hot wallet. The size alone grabbed attention. Timing matters even more.

The Ethereum Whale’s History Adds Weight

This ethereum buyer carries a known track record. Traders previously labeled the address the “66k ETH Borrower Whale.” In 2024, the same entity borrowed 66,000 ETH to short the market aggressively. That strategy made headlines. Since then, behavior has changed. The whale flipped positioning. It now accumulates instead of betting against ETH.

Aggressive Accumulation Signals Conviction

The whale did not stop at this purchase. Data shows total holdings exceeding 432,000 ETH by late November 2025. The entity funded buys through USDT borrowing and spot accumulation. This behavior suggests long-term positioning. Sophisticated players rarely deploy this size without conviction. Smart money typically buys during consolidation, not euphoria.

Ethereum Consolidates as Whales Accumulate

Ethereum currently trades between $3,100 and $3,200. Price action remains tight after the post-election rally. Consolidation often frustrates retail traders. Whales view it differently. Large accumulation during sideways ranges often precedes expansion phases. History supports this pattern, though timing stays uncertain.

Leverage Brings Opportunity and Risk

Large buys do not guarantee immediate upside. Leveraged positions can introduce volatility. Forced liquidations can shake price short term. Still, direction matters more than noise. This whale clearly chooses accumulation over distribution. That shift alone changes market dynamics.