- Ethereum whales reversed accumulation trends after unloading billions worth of ETH.
- Massive whale distribution now threatens Ethereum’s difficult path toward recovering $3,000.
- Ali Charts reveals Ethereum whales reduced holdings by over 20%.
Ethereum holders received a major market signal after new on-chain data revealed a dramatic shift among some of the network’s largest investors. Mid-sized Ethereum whales, previously known for aggressive accumulation, have now reversed direction and reduced billions of dollars worth of ETH holdings within months.
According to crypto analyst Ali Charts, wallets holding between 1,000 and 10,000 ETH experienced what he described as a “significant regime change” beginning on October 6, 2025. Before that period, this whale category steadily accumulated Ethereum during a prolonged expansion phase across the broader cryptocurrency market.
Data shared by Ali Charts showed whale holdings climbed from nearly 12.95 million ETH in April 2025 to approximately 15.95 million ETH by early October. During the same period, Ethereum’s price advanced toward the upper range shown on the chart, moving close to levels above $4,000.
However, market behavior shifted considerably after October. Consequently, whale balances declined from 15.95 million ETH to nearly 12.52 million ETH. That represents a 21.5% reduction in holdings from this investor group.
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Ethereum Faces Rising Supply Pressure From Whale Distribution
The chart accompanying the analysis highlighted a close relationship between whale positioning and Ethereum price action. While whales accumulated aggressively earlier in 2025, ETH maintained strong upside momentum across several months. Nevertheless, price conditions weakened after large holders began reducing exposure.
Moreover, the scale of the decline remains substantial. The latest figures indicate that more than 3.4 million ETH exited whale-controlled balances since October 2025. Based on Ethereum’s current price near $2,320, the reduction equals roughly $7.9 billion worth of ETH.
Ali Charts stated that this growing supply overhang may complicate Ethereum’s path back toward $3,000 unless stronger demand enters the market. Besides retail participation, institutional inflows could become increasingly important as whales continue distributing holdings.
Additionally, the chart showed the selling phase developing faster than the earlier accumulation trend. That difference may indicate increasing urgency among large investors seeking profit realization during uncertain market conditions. Meanwhile, Ethereum continues stabilizing above the $2,000 range despite persistent distribution pressure from major holders.
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