Ethereum Whale Goes on $73M Shopping Spree While ETFs Panic—Did the Market Just Flip?

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Darling, stop the presses and fetch the smelling salts—if you thought the ballroom antics were dramatic, wait till you see the Ethereum ledger this week! A rather ostentatious whale—let’s call them “Monsieur 0xd8d0” for mystery’s sake—awkwardly waddled into headlines by throwing a casual $73 million at ETH while lesser mortals clutched their pearls over a market downturn. 👀

Gossip courtesy of Lookonchain: This dapper digital plutocrat, already lounging atop past profits exceeding $30 million, lumbered back into the fray and snapped up 30,000 ETH during a rather uninspiring dip. Since June 11, they’ve hurled about 295 million USDC at Ethereum, holding 115,465 ETH at an average soirée price of $2,555 per token. All terribly glamorous—except, alas, with ETH now pirouetting at $2,444.91 (down 4.14% in 24 hours), our whale is currently $15 million underwater. That’s almost enough to make a crypto baron order the cheap champagne. 🥂

Got Outflows? ETFs Are Flouncing Out the Door!

While whales dive in, Ethereum ETFs are apparently auditioning for “Swan Lake” and executing perfect exits. On June 20, funds waltzed out with $11 million in net outflows—the second such display of financial fainting this month, as per Farside’s peep-through-the-curtains. June 13 also saw $3 million sashaying out the door—oh, the drama.

This is all terribly inconsistent with some recent bullish posturing from the institutional chaperones. BlackRock, that titanic asset manager with impeccable taste for volume, tossed in over $160 million worth of ETH on June 12—its largest daily ETF inflow since February (when they last made it rain, with a dizzying $274 million purchase).

Still, even BlackRock’s usually steadfast ETHA fund simply could not resist a little liquidity quickstep, notching its first outflow since May 7—a modest $19 million, or 8,140 ETH if you like your numbers crisp and clinical. Yet with a treasure chest of 1.677 million ETH, BlackRock doesn’t seem ready to leave the gala.

Enter the Golden Cross—Not the Pub, the Chart! 🍸

For those partial to technical mysticism, Ethereum’s performance has hinted at optimism. ETH tiptoed up from the $2,450–$2,475 corridor, a distinguished locale where the 50-day and 200-day moving averages enjoy polite conversation—and the much-whispered Golden Cross finally put in an appearance. Traders adore this: it’s like the Queen blessing your party, a bullish signal of shifting long-term momentum. ETH even flirted with $2,540 for a moment, just long enough to make traders believe in happy endings.

Long story short: ETF outflows and price jitters have the nervous reaching for their monocles, but a splashy whale and a Golden Cross are mingling at the bar with bullish intent. One could almost believe the night is young for Ethereum.

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2025-06-21 17:05