- Ethereum whales withdrew over $208 million in ETH from exchanges, including Binance, Kraken, and FalconX, within hours.
- ETH price declined by 3% due to over $108 million in liquidations, mostly from long positions in the derivatives market.
- Regulatory delays regarding Ethereum ETF staking added further pressure to the market, affecting investor sentiment.
Ethereum experienced notable whale activity on September 15, 2025, with large-scale withdrawals totaling over $208 million. On-chain data from Lookonchain revealed that several new and existing wallets moved massive amounts of ETH from leading crypto exchanges. The wallet address 0x4d43, newly created, withdrew 4,208 ETH valued at $19.5 million from Binance. Similarly, another new wallet, 0x9D99, pulled out 5,297 ETH worth around $24.7 million from Binance and Bitget.
A separate high-value transaction was recorded from wallet 0x7451, which moved 13,322 ETH, estimated at $61.6 million, from FalconX. The largest single withdrawal came from wallet 0x9d2E, which transferred approximately 21,925 ETH from Kraken. This transaction was valued at $102 million, marking Kraken as the platform with the most significant outflow during this period.
ETH Price Declines Amid Heavy Liquidations
Despite the aggressive accumulation by whales, Ethereum’s market price saw a sharp decline. The token dropped roughly 3% in the past 24 hours, trading around $4,513.50. Data from CoinGlass confirmed that Ethereum witnessed over $108 million in liquidations within the same period. Long positions accounted for 86% of the total liquidated volume, reflecting intensified volatility in the derivatives market.
The movement in the price of Ethereum is accompanied by the rise in the level of regulatory uncertainty in the U.S. The Securities and Exchange Commission did not approve the BlackRock Ethereum ETF, namely, staking integration. This ruling has now been extended until October 30. Other offers by 21Shares and Grayscale have experienced the same delays, which is adding to the hesitant investor mood in the market.
Market sentiment is divided between accumulation and risk.
Retail traders have suffered due to the massive sell-offs, but the huge ETH withdrawals by whales are regarded as long-term accumulation actions. The trend indicates that exchanges will be replaced by personal wallets, which implies that they will be held and not sold. This move is an indication of a wider divergence between the confidence of the whales and the caution of the retailers, and thus, the market has been left at a critical point.
