Whales are on the road again, and this time it is in line with one of the largest ETF buy weeks of the year for Bitcoin and Ethereum. Both Spot Bitcoin and Ethereum ETFs returned to the intake last weekAnd data show that some whales addresses will also move their crypto assets from fairs and in self -in -law.
On-chain Tracker Lookonchain reported that newly created portfolios have withdrawn huge amounts of Bitcoin and Ethereum from large stock exchanges, which shows the large-scale accumulation through crypto-whales.
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Massal withdrawals of crypto exchanges
According to Data from SosovalueSpot Bitcoin ETFs registered for $ 3.24 billion in inflow into the just closed week, as a result of the outflow of $ 902.5 million that were seen the last week. This week’s intake number is in particular the biggest weekly inflow that this year is a record for Spot Bitcoin ETFs. Spot Etereum ETFs, on the other hand, saw $ 1.30 billion inflow last week, which in turn is a drastic change compared to last week of $ 795.56 million.
However, this activity is not limited to only spot bitfs. Fresh wallet -activity shows aggressive accumulation activity between whale addresses that go to self -in -law. In one case, on-chain analytics tracker look monchain noted that a newly created wallet, identified as 0x982c, has withdrawn 26,029 ETH worth around $ 118 million from Kraken.
Another newly created Bitcoin portion, BC1Qks, drew 620 BTC with a value of $ 76 million from Binance. Both movements are large -scale repositioning of capital away from exchanges, and this is a sign that whales expect further price rating.
Newly made wallet 0x982C withdrew 26,029 $ ETH($ 118 million) of #Draken 8 hours ago.
Newly created wallet BC1QKS withdrew 620 $ BTC($ 76 million) of #Binance 6 hours ago.https://t.co/8AA1G0BGWThttps://t.co/qsasxkfhun pic.twitter.com/ityhz8jwq3
– Lookonchain (@lookonchain) October 4, 2025
Interestingly, Bitcoin exchange balances have fallen to their lowest level in five years. Almost 170,000 Bitcoin were removed from Crypto fairs in the last 30 days, with most activity in the just completed week. This has the Bitcoin Exchange balance under 2.85 million BTC for the first time since January 2021.
Bitcoin Exchange Balance. Source: @btconexchanges on X
Price forecast for Bitcoin and Ethereum
The combination of institutional inflow and whale recording has already been reflected in the price action of both Bitcoin and Ethereum. Bitcoin has risen beyond his previous record to reach a new record of $ 125,506 within the past hours and is currently acting around $ 124,813. This is a drastic change From just a week ago, When Bitcoin broke under $ 110,000, causing the Bitcoin anxiety and greed index Crash to the lowest point since March.
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Ethereum has also become bullish and acts at $ 4,575 at the time of writing. Another good week of spot ETF entry and whale accumulation that will continue at the current pace can lead to Bitcoin expand his rally everywhere The week. This in turn could break Bitcoin before the end of the new week $ 130,000. However, a short cooldown is not off the table. Any pullback can cause Bitcoin to test $ 120,000 again For the next leg higher.
Still in the Bullish Case, the price of Ethereum can also push to new Highs of all time above $ 5,000 In the coming weeks.
Featured image of Unsplash, graph of TradingView