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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting growing confidence among large-scale investors in major digital assets, on-chain data has tracked intense activity from a significant investment wallet. According to reports, a single whale accumulated a combined $37.67 million in Ethereum and Wrapped Bitcoin. The purchases were split between $31.43 million in ETH and $6.24 million in WBTC, signaling a strategic focus on high-liquidity assets within the crypto market.
This accumulation comes at a time when Bitcoin ETFs have seen mixed flows, with U.S. spot funds recording net outflows in recent weeks per market data. However, whale accumulation often precedes periods of price stability or rallies, especially as markets anticipate further regulatory clarity regarding Ethereum-based financial products. Compared to the previous quarter, institutional accumulation of cryptocurrencies has persisted despite global price volatility.
Traders should monitor key support levels for ETH as prices hovered near critical zones as of July 4, 2026. Looking at the economic calendar, upcoming macro data such as the Chinese Manufacturing PMI scheduled for June 30 could impact global risk appetite, including digital assets, potentially determining the sustainability of this buying momentum.