ETH Drops 10% as Whales and Institutions Ramp Up Accumulation
Ethereum fell roughly 10% in a sharp move on Nov. 14, yet several large wallets and institutional custody addresses were net buyers during the decline. On-chain trackers flagged spikes in large transfers to cold and custodial wallets rather than exchanges, suggesting accumulation by "smart money" even as retail sentiment turned negative. Traders flagged that aggressive buys came during high volatility, indicating conviction from bigger players.
The activity matters because concentrated buying by whales and institutions can help absorb selling pressure and form short-term support levels for ETH. That said, the broader market remains sensitive to macro drivers and liquidity, so continued accumulation is no guarantee of an immediate rebound. Market participants should watch whale concentration, exchange flows, and macro cues to gauge whether this buying marks a durable shift or a temporary defensive move.