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Analyst Says Crypto Whales Loading Up on Ethereum, Accumulating $815,514,345 in ETH in Just Five Days A crypto analyst says deep-pocketed investors are snapping up the top layer-1 platform Ethereum (ETH) amid the marketwide digital asset correction. Trader Ali Martinez tells his 132,900 followers on the social media platform X that whales gobbled up more than $815.514 million worth of ETH in less than a week. “Whales have bought more than 420,000 Ethereum ETH in [five days]!” Martinez is also keeping a close watch on Ethereum’s In/Out of the Money Around Price (IOMAP) metric – which classifies crypto addresses as either profiting, breaking even, or losing money – to determine support and resistance levels for ETH. According to Martinez, ETH is currently trading in a narrow range between stiff support and resistance zones. “Ethereum ETH key levels to watch! On-chain data reveals $1,870 as the .

Ethereum Price Eyes Reversal as ETH/BTC Hits Key Support, What’s Next? Ethereum price is under focus in crypto space and particularly in relation to Bitcoin as it gets closer to a historically strong support level on ETH/BTC pair. After a descending triangle trend from mid 2021 through early 2025, the ETH/BTC pair has now reached a level where it showed a buying range in late 2020. Such a technical development combined with increased open interest in the futures is fueling the debate on trend reversal. Ethereum Price Eyes Recovery: Key Support Level Could Spark Reversal According to a recent post on X, analyst AndrewCryptoHQ noted that ETH/BTC is now trading at a crucial technical level. This level previously acted as a launchpad for gains during Q4 2020. Since its peak in mid-2021, the pair has remained in a downtrend, posting consistent lower highs and lower lows. As of late March 2025, ETH/BTC is resting near a multi-year support zone. Market participants are watching closely to see whether this zone can hold and initiate an altcoin rebound. If supported, it could mark a key turning point in Ethereum price performance compared to Bitcoin. However, downside risks remain. A decline in Bitcoin could put pressure on Ethereum price action. ETH has shown sensitivity to Bitcoin’s market direction in previous cycles. Without a confirmed breakout or higher low formation, traders remain cautious about calling a full reversal. ETH Futures Open Interest Hits Record as Caution Lingers On March 21, Ether futures open interest reached a record high of 10.23 million ETH, according to data from CoinGlass. This figure represents a 15% increase over two weeks, signaling growing participation in derivative markets. Despite the rise in open interest, the futures premium dropped below 4%, down from 5% two weeks prior. This lower premium suggests subdued bullish sentiment, as traders are not aggressively pursuing leveraged long positions. The increased leverage does not automatically indicate upward price movement. Open interest simply reflects matched positions between buyers and sellers. The absence of a strong premium points to a neutral stance from investors regarding the altcoin price trajectory. Ethereum Network Fees Fall as On-Chain Activity Slows However, Ethereum network fees fell by 50% over the past seven days, according to IntoTheBlock. The reduction signals a decline in user activity and overall demand on the Ethereum mainnet. Total revenue for Ethereum’s base layer dropped to $605,000 as of March 17, compared to $2.5 million just two weeks earlier. Lower fees are partly due to the growing use of Layer 2 solutions, which move transactions off the mainnet to improve scalability. However, the shift has also reduced transaction volume on the core network. Users and protocols are increasingly exploring alternative chains such as Solana and Avalanche. This slowdown in network usage presents challenges for Ethereum price support. The downturn in activity may contribute to hesitancy around the altcoin’s near-term outlook. However, Ethereum whales have started to accumulate again as one of them bought nearly $270 million worth of ETH. This goes hand in hand with the increase in the daily active addresses by 26%, which may signal a reversal of the Ethereum price $ETH

Fidelity is launching a new tokenized fund focused on U.S. Treasury bills, setting itself up as a direct competitor to BlackRock’s BUIDL fund . In simpler terms, Fidelity’s new offering lets investors put their money into the US Treasury bills through their blockchain-based system. By tokenizing the U.S. Treasury bills, Fidelity’s plan is to give investors greater flexibility, transparency, and liquidity, on-chain. Fidelity’s latest offering is in line with the broader trend of bringing traditional assets onto blockchain platforms. Fidelity’s direct competition with BlackRock’s BUIDL fund is the main headline. BlackRock’s BUIDL Fund has a solid market presence, leveraged through a network of prominent players in both traditional finance and the crypto industry. BUIDL’s goal has been to bring U.S. Treasury bills and other secured assets onto blockchain, combining the safety of government bonds with the advantages of blockchain technology, such as flexibility and transparency. Related: COLLE AI Joins BlackRock’s BUIDL Fund, Signaling Growing Interest in AI-Driven NFTs The recent Spark Tokenization Grand Prix, an initiative aimed at allocating $1 billion in tokenized assets, further intensifies their rivalry. Notably, BlackRock’s BUIDL is slated to receive half of the funds under this program.. Launched in July 2024, this initiative centers around the use of stablecoins within the Spark Liquidity Layer (SLL) to incorporate tokenized assets like BUIDL, USTB, and JTRSY. If governance approves this plan in April 2025, it will also involve investments in Superstate’s USTB and Centrifuge’s JTRSY. BlackRock’s BUIDL benefits from a robust ecosystem of major partners such as Anchorage Digital Bank NA, BitGo, Coinbase, and Fireblocks. These partners provide essential infrastructure and services that support the tokenization process. Related: BlackRock’s BUIDL Fund Expands to Five New Blockchains BlackRock has also made a strategic investment in Securitize, the platform responsible for managing the tokenized shares of BUIDL. This partnership, along with the engagement of PricewaterhouseCoopers LLP as the fund’s auditor, reinforces the operational foundation of BUIDL. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Three major trends that will 10x the development pace & product quality in crypto over the next 18 months: 🏦 incumbents build onchain -> 10x more competition for crypto-native startups ⛓️ biggest apps launch appchains -> focus shifts from "what layer are you on" to "what's your product"? ⚖️ equities get tokenized -> all 'investable' DAOs need to incorporate an equivalent governance ruleset

Bitcoin is sulking. It refuses to repeat its old shows, snubs its past peaks, and coldly disregards new records. It is acting like a diva, mired in a lethargy that leaves traders puzzled. But while everyone is scrutinizing the blockchain closely for signs of an impending bull run, a much quieter truth is surfacing: small investors are already there… but in stealth mode, hidden behind ETFs. Are analysts who scrutinize the chain like a crystal ball being outsmarted by their own tool? Ki Young Ju, the boss of CryptoQuant — the one who recently announced the beginning of the altcoin season , thinks so. According to him, “the absence of retail on-chain activity means nothing anymore.” Small investors, far from having deserted, have simply slipped through the backdoor of ETFs . These financial vehicles, certainly more regulated, do not appear in the usual on-chain indicators, but concentrate almost 80% of the incoming flows on Bitcoin ETFs spot. “Retail is already participating, but on the paper layer,” Ju says, talking about these new investment paths, invisible to the old market barometers. In short, those who are still waiting for a rush from individuals to jump into BTC trading might miss the train. The game has changed, and so have the rules. And yesterday’s star indicators — Fear & Greed Index, Google Trends, or popularity of crypto apps — are losing their edge. Moreover: The weak signals are there, but what do they really say? Should the manual of the perfect crypto-trader be rewritten? The current market fresco resembles a poorly hung cubist painting: a bit of volume here, some ETFs there, and above all… a serious lack of inspiration. Or rather, a lack of liquidity. For Ki Young Ju, the signal is clear: the bull cycle is over . This is not a full-blown crash, but rather a long horizontal tunnel. Translation: between 6 and 12 months of waiting before a new all-time high. The most worrying thing? The absence of new sources of capital. Three consecutive weeks of negative flows on ETFs, and significant volumes that have not been enough to break the resistance around $100,000. A bad sign for traders accustomed to riding the wave of new entrants. I’m not going to short BTC, but I’m not going to sell hope either. In an uncertain macro climate, without an injection of fresh capital, even the boldest eventually put away their charts. When will the whales return? Will the rates drop enough to revive the crypto market? And above all, will the next rise really come from individuals, or from another even more unexpected player? In conclusion, let’s remember that Bitcoin is going through an unprecedented crisis , according to Glassnode. A period of famine where the lack of fresh capital prevents any real surge. The bull run seems well tucked away in the closet… for now.