ETH dip buyers take $130M of Ether, leaving $2.7K downside risk.
The price of Ether (ETH) saw Tuesday's daily candle close below $3,000, but the positive data suggests that large holders are buying into the dip. As ETH Well stock continues to grow in confidence, contrarian indicators point to increased market risk for the altcoin.
Main Receptors:
ETH whales and institutional investors bought more than $130 million in Ether as the price closed below $3,000 on Tuesday.
BitMine added more than 92,500 ETH in January, which showed the growing demand for the product.
Whales bought the dip when ETH traded below $3,000
ETH fell 7.83% to $2,938 on Tuesday, marking its biggest intraday correction since November 4, 2025.
According to the data, Trend Research borrowed $70 million (USDT) from Ave and bought 24,555 ETH worth $75.5 million, bringing its total holdings to $1.92 billion at 651,310 ETH. Separately, the OTC Well address received 20,000 ETH worth $58.8 million via FalconX and Wintermute.
ETH Institutional investors' stock has moved beyond the trading desk. BitMine added 92,511 ETH in January, worth $268 million.
The ETH Treasury Company said it expects to become the largest ethereum holding company, earning an estimated $367 million to $393 million in annual rewards once the proposed 4.2 million ETH is fully booked. He added that the company will generate between $35 million and $40 million in cash from operations.
However, not all large capital flows were supportive. On Wednesday, BlackRock transferred 30,828 ETH worth $91 million to Coinbase Prime, raising concerns about sell-side volatility.
Related: ETH derivatives benchmark turns positive after years of sell-side dominance
ETH Breaks Growth As Low-Side Liquidity Comes Into Focus
From a technical perspective, ETH's long-term chart experienced a bearish reversal after closing below $3,000. The move pushed the price below a four-month control point of $3,100, the highest traded level during that period, indicating that the market has lost acceptable price range.
The gap coincided with a bearish breakout structure (BOS), indicating a bearish trend. Based on current liquidity concentrations, ETH may eventually test the outer liquidity zones around $2,718 and $2,620.
In the last 24 hours, $287 million worth of positions have been canceled.
Hyblock data adds to the sense of caution. The whales fell to -6,480 for ETH, adding shorts more than retailers. Such changes preceded periods of high short-term volatility.
On the other hand, 76% of retail traders are in long positions, indicating the possibility of a price reversal near key swing lows.
Related: Bitcoin-Gold Ratio Falls to New Lows, Analysts Say BTC Decline ‘Setting Up Rare'
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