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Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Whale Buys $153M In Ethereum From Galaxy Digital OTC: Institutions Are Betting Big

Sebastian Villafuerte
Sebastian Villafuerte
2 days ago
3 mins read
Whale Buys $153M In Ethereum From Galaxy Digital OTC: Institutions Are Betting Big

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Ethereum is once again approaching critical levels after a stretch of volatile yet bullish price action. Following a sharp rebound from yesterday’s low of around $3,675, ETH is now trading above the $3,800 mark, regaining momentum as traders eye a decisive move. While short-term volatility remains, the overall structure favors continuation—provided ETH can break cleanly above the $4,000 resistance level.

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This threshold now stands as the key barrier between consolidation and a potential rally toward new highs. A confirmed breakout would likely ignite fresh bullish momentum across the broader altcoin market. Until then, price remains trapped in a narrowing range, testing both trader patience and liquidity depth.

Meanwhile, on-chain data supports the bullish case. According to blockchain analytics platform Arkham, whales have ramped up their accumulation, with large addresses steadily adding to their ETH holdings in recent days. This ongoing accumulation trend reflects growing conviction among high-cap players and adds weight to the possibility of further upside in the months ahead.

Whale Receives Ethereum From Galaxy OTC As Institutions Double Down

Ethereum’s bullish narrative gained further momentum this week after Arkham disclosed a massive on-chain transaction involving a major institutional player. A fresh wallet address—0xdf0A67Ded855F8ea4baB6399690883243c0e2EF3—just received $153 million worth of ETH, purchased directly through Galaxy Digital’s over-the-counter (OTC) desk. The scale and nature of this transaction suggest growing institutional conviction in Ethereum’s long-term potential.

Whale receives $153M in Ethereum from Galaxy Digital | Source: Arkham
Whale receives $153M in Ethereum from Galaxy Digital | Source: Arkham

This isn’t just another whale move. The fact that the ETH was funneled into a new wallet from a regulated OTC provider underscores the strategic accumulation taking place behind the scenes. As traditional finance increasingly integrates with crypto, Ethereum’s utility, programmability, and future role in tokenized finance are making it a high-conviction play among institutional allocators.

This heavy buy comes after a prolonged period of weakness. Earlier this year, ETH suffered persistent selling pressure, with price action sliding lower for months. Retail interest faded, and sentiment turned bearish. But while the public panicked, sophisticated players appear to have taken the other side of the trade—accumulating quietly during the downturn.

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ETH Consolidates Below Resistance

Ethereum (ETH) continues to trade in a tight range just below the key resistance level of $3,860.80, as shown in the 4-hour chart. Despite recent price volatility, ETH has remained above its 50- and 100-period moving averages, currently near $3,756 and $3,629, respectively. This suggests that bullish momentum is still intact in the short term.

ETH testing key resistance amid volatility | Source: ETHUSDT chart on TradingView
ETH testing key resistance amid volatility | Source: ETHUSDT chart on TradingView

Volume has picked up slightly, indicating rising interest from traders as ETH tests this critical horizontal resistance. The price has failed to close decisively above this level multiple times since July 25, highlighting its significance. However, the consistent higher lows forming over the past week point to building buying pressure beneath the surface.

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A confirmed breakout above $3,860.80 could open the door for a push toward the psychological $4,000 level and beyond. Conversely, failure to break resistance may lead to another retest of the 100-period moving average or even the $3,700 support zone.

Featured image from Dall-E, chart from TradingView

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Sebastian Villafuerte
Sebastian Villafuerte

Sebastian Villafuerte

Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.

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To share his insights with others, Sebastian became an active contributor to online discussions on platforms like X and LinkedIn. His focus on fintech and crypto-related topics quickly established him as a trusted voice in the online crypto community. Sebastian's goal was to educate and inform his audience about the latest trends and insights in the rapidly evolving crypto landscape.

To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance and decentralized finance. The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.

Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K reports, or engaging in thought-provoking discussions about the future of finance.

Sebastian's journey as a crypto pioneer has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable contributor to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and helping to shape the future of this revolutionary technology.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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