Ethereum: Whales & Money, Darling! 🐳💰

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One is perpetually amused by the predictability of the financial world, is one not? After a rather dramatic shedding of 1.3 million Ethereum tokens – a positively vulgar display of divestment over a mere eleven days – those colossal entities known as ‘sharks’ and ‘whales’ have deigned to return. And, naturally, they’re reaccumulating. As if they ever truly left, darling. They simply had a little… rearrangement of priorities.

And then there’s Mr. Tom Lee, a gentleman seemingly incapable of pessimism, still confidently proclaiming Ethereum’s imminent triumph. He assures us that all leverage has been, shall we say, “corrected”. Utterly corrected. One imagines a great cleansing of balance sheets. It prepares one for ‘takeoff’, doesn’t it? Oh, the drama!

The Return of the Beasts

According to the astute observers at Santiment – who, one presumes, have charts for comfort – these wallets, housing between a modest 100 and a rather extravagant 10,000 ETH, engaged in a brief period of…disenchantment, dispensing with their holdings between October 5th and 16th. The price, as these things often do, responded with the subtlety of a dropped chandelier, soaring to $4,750 before plummeting to a disappointingly pedestrian $3,500. How terribly gauche.

But fear not, for their capricious hearts have shifted! They are “showing signs of confidence,” apparently. One wonders what prompted this sudden affection. Perhaps a particularly charming candlestick pattern? A flattering article? They’ve managed to reclaim nearly a sixth of their discarded treasure. A “positive sign,” they say. How utterly pedestrian. 🙄

Mr. Lee, leading the most substantial Ethereum treasury (a staggering $13 billion, you understand!), notes that the recent crash – which, let’s be honest, wiped out billions and left 1.6 million traders feeling rather…uncomfortable – was due to an excess of ambition (or, as the common folk call it, ‘leverage’). Now, with open interest at historic lows, he boldly whispers of a “rally” before the year is out. One hopes it will be suitably fashionable. 💅

The Meaning of it All?

When large investors engage in such conspicuous consumption – or, in this case, re-consumption – it is generally considered a ‘bullish’ development. A rather uninspired term, if you ask me. It simply means they’re reducing the, shall we say, ‘supply’ available for the less fortunate. The crypto community, naturally, is abuzz with predictions of $5,000 and even $10,000! The sheer audacity!

The former seems achievable, given the fleeting brush with such heights months ago. The latter is, however, a distinctly optimistic pronouncement. Ali Martinez suggests $10,000 will arrive…eventually. “Just not as soon as you think,” he cautions, with the wisdom of the ages. The patience of saints is required, it seems. ⏳

Ethereum $ETH will hit $10,000… Just not as soon as you think!

– Ali (@ali_charts) October 25, 2025

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2025-10-25 13:32