2026-01-16 08:32:47

ETH Technical Reading: Whale Moves & Price Action

Looking at the latest on-chain metrics, here's what the whale activity tells us:

The big players have been taking profits—roughly $450M worth exited around the $3,300 level. Keep in mind, this came out of a much larger $1B in accumulated long positions, so we're only seeing a partial pullback from the whale side.

Price-wise, ETH is currently hovering above the upper band of whale VWAP, but there's a catch. The sideways movement lacks conviction from whale accumulation or distribution. When price sits at resistance without fresh whale buying momentum, it often signals consolidation before the next directional move.

The question now: Do whales reload on dips, or are they waiting for clearer conditions? The answer could shape the next leg of the move.

ETH-1.55%

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TokenCreatorOP

· 7h ago

The big whale has released 450 million, but that's nothing. They still hold 1 billion, so it doesn't seem urgent.

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AirdropAutomaton

· 8h ago

450m outflow, 1b position still not sold... What does this mean? Big players are not panicking at all. Whale is not moving at resistance, this is awkward. Let's wait and see if they will buy the dip.

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NFTragedy

· 8h ago

The big whale only made over 400 million and then ran away. Are they afraid of the high prices or trying to shake out the weak holders?

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MoonRocketman

· 8h ago

450 million invested, but only 45% of 1 billion has moved. The old whale's selling looks like it's accumulating fuel, waiting for the launch window.

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ExpectationFarmer

· 8h ago

450m escape, can you still tolerate this wave? The whales are playing... --- It's been sideways for so long, really no one dares to take over the position. --- Wait, only 450m out of $1b position? This pace is really a bit tense. --- I just want to know if they are really waiting or have already run... --- No movement above, no movement below, this is the so-called dead water level. --- How long can VWAP hold above? It feels like it's about to collapse.

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FundingMartyr

· 8h ago

450 million USD run away, while big players still hold 550 million. This sideways movement really feels like squeezing toothpaste.

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SocialAnxietyStaker