Ethereum (ETH) — Onchain News & Whale Tracking

Bitcoin Falls Below $83,000, Ethereum Drops Below $2,700

On November 21st, according to HTX market data, Bitcoin fell below $83,000, with a 24-hour decline of 8.3%. Ethereum also dropped below $2,700, with a 24-hour decrease of 9.5%.

Bitmine Overtakes Blackrock as Ethereum’s Largest Holder, Holding Approximately 3.623 Million Coins

On November 21st, as per the monitoring of LookOnChain, Bitmine increased its holdings of Ethereum by 63,123 ETH (valued at $174 million) this week. As a result, its holdings have reached 3,623,002 ETH (worth $9.96 billion), surpassing BlackRock and becoming the largest holder of Ethereum. Meanwhile, BlackRock has decreased its Ethereum holdings by 43,237 ETH (worth $1.19 billion) today. Currently, it holds 3,604,966 ETH (worth $9.91 billion).

Bitcoin Surges Above $82,000, Ethereum Reaches $2,700

On November 21st, according to HTX market data, Bitcoin has seen a rebound and exceeded $82,000. Meanwhile, Ethereum has risen to $2,700.

BlackRock deposited 4,198 Bitcoins and 43,237 Ethereums into Coinbase Prime.

On November 21st, as per the monitoring of LookOnChain, BlackRock has just placed 4,198 Bitcoins ($348 million) and 43,237 Ethereum ($117 million) into Coinbase Prime.

A whale has deposited 5 million USDC into HyperLiquid for the first time, going 20x long on Ethereum

On November 21st, as per the monitoring of Onchain Lens, a whale initially deposited 5 million USDC into HyperLiquid and initiated a 20x leveraged long position in ETH. Currently, the position is valued at 27 million US dollars and holds 10,000 ETH.

Bitmine's Ethereum Staking Position Faces a Floating Loss of 31.87%, with the Unrealized Loss Amounting to $4.531 Billion

On November 21st, when combined with the compiled Bitmine latest position data by analyst Yujin, as of the 21st, Bitmine holds 3.56 million ETH. The average price is $4009. The unrealized loss ratio is 31.87%, and the unrealized loss amount is $4.531 billion.

Bitcoin is down 9.88% year-to-date, while Ethereum is down 17.88%.

On November 21st, according to HTX market data, Bitcoin rapidly dropped below $82,000 in the afternoon. As of the time of writing, Bitcoin is currently trading at $84,271, with a cumulative decrease of 9.88% this year. In addition, Ethereum has experienced a cumulative decrease of 17.88% this year.

「Buddy」 Liquidated, Immediately Reopens 25x Ethereum Long

On November 21st, based on Hyperinsight's monitoring, after undergoing liquidation, the "Whale" reopened a 25x long position in Ethereum with only $14,900 remaining in the account. Currently, it holds 100 ETH, and the liquidation price is $2635. Previously, during the recent sharp sell-off, the "Whale"'s ETH (25x) long position was completely liquidated, resulting in a loss of $1.05 million in this transaction.

The 25x Ethereum Long of "Buddy" has been fully liquidated, with a total loss exceeding $20.23 million

On November 21st, as per the monitoring of Onchain Lens, although the "buddy" had begun to deleveraging half an hour ago to avoid liquidation, during the recent rapid sell-off, the "buddy's" ETH (25x) long position was completely liquidated. This led to a loss of $1.05 million in this transaction. Overall, the "buddy" suffered a loss of over $20.23 million, and there was only $15,538 remaining in the wallet.

「Buddy」 to Avoid Liquidation, Reduce 25x Ethereum Long Position

On November 21st, according to the monitoring of Hyperinsight, in order to avoid liquidation, the "Big Player" has just decreased the scale of their long position in Ethereum by 25 times. As of the time of this writing, their long position has been reduced to 500 ETH, and the latest liquidation price is $2,755. This morning, the "Big Player" once again deposited 115,000 USDC into HyperLiquid to continue increasing their 25x leveraged long position in ETH, with a liquidation price of $2,818.30.

Yesterday the US Ethereum Spot ETF saw a net outflow of $2.616 billion

On November 21, based on Farside's monitoring data, yesterday the net outflow of the US Ethereum spot ETF was $261.6 million, and no ETF recorded any inflows.

「CZ's Short Squeeze」 Whale Longs Face Nearly $32 Million Loss, Ethereum Long Liquidation Price at $2,528

On November 21st, according to EmberCN's monitoring, the "CZ Whale's Counter Trade" whale, which has a long position with a value of $2.61 billion, is currently facing an unrealized loss of $31.84 million. The liquidation prices for the long position are as follows: ETH at $2,528 and XRP at $1.55. "After closing his short position on ASTER a few days ago, he made a decision to go long on ETH and XRP, opening a position worth nearly $3 billion. The recent price drop has led to significant losses."

Analysis: The recent cryptocurrency market downturn has been primarily driven by retail investors selling off Bitcoin and Ethereum, as well as the launch of a physically-backed Ethereum ETF.

On November 21st, a J.P. Morgan analyst declared that the recent pullback in the crypto market - which was particularly intensified after Bitcoin fell below the bank's estimated $94,000 production cost/support level - was primarily driven by retail investors selling off Bitcoin and Ethereum spot ETFs rather than by native crypto traders. “In October, although crypto-native investors triggered a market pullback through significant deleveraging (especially in perpetual contracts), this deleveraging in perpetual contracts appears to have stabilized in November,” J.P. Morgan Managing Director Nikolaos Panigirtzoglou and his team wrote in a report on Wednesday. “Instead, the main force driving the continuous crypto market pullback in November is non-crypto investors, especially those retail investors who entered the crypto market through Bitcoin and Ethereum spot ETFs.” The analyst pointed out that so far this month, retail investors have withdrawn approximately $4 billion from Bitcoin an

「Whale Friend」 Further Increases Ethereum Long Position by 25x, Liquidation Price at $2,818.30

On November 21st, as monitored by OnchainLens, "Buddy" Huang Lilin once more deposited 115,000 USDC into HyperLiquid to continuously increase his 25x leveraged long position in ETH. The liquidation price was $2,818.30. Interestingly, during the opening process, he was partially liquidated.

Ethereum Drops Below $2900

On November 21st, according to HTX market data, Ethereum dropped below $2900, witnessing a 24-hour decline of 2.93%.

Coinbase Launches Ethereum Staking Loan Service, Allowing Users to Borrow up to $1 Million

On November 20th, according to The Block, Coinbase has enlarged its on-chain lending product to incorporate Ethereum (ETH) as collateral. Qualified customers are able to borrow up to $1 million in USDC without the need to sell their cryptocurrency. This loan is supported by the Morpho lending protocol.

Ethereum Treasury Company FG Nexus Sells 10,922 ETH for Share Buyback

On November 20th, the Ethereum Treasury Company FG Nexus sold 10,922 ETH in order to buy back shares and retained 40,005 ETH.

Ethereum Falls Below $3,000, 24-hour Decrease of 2.3%

On November 20th, based on HTX market data, Ethereum dropped below $3,000, experiencing a 24-hour loss of 2.3%.

Opinion: Vitalik's Influence to Weaken as Institutions Hold More ETH, Ethereum Could Become More "Wall Streetfied"

On November 20th, according to Arkham Data, the co-founder of Ethereum, Vitalik Buterin, currently holds approximately 244,000 ETH (including AETHWETH), which is worth about 7.4 billion US dollars. He ranks second in individual ETH holdings, only second to Ethereum ICO investor Rain Lohmus, who holds as much as 250,000 ETH. However, his ranking is facing a double challenge from cryptocurrency treasury (DAT) companies and spot ETFs. The three largest Ethereum cryptocurrency treasury (DAT) companies have surpassed Vitalik. Bitmine holds 3.56 million ETH, SharpLink holds 869,000 ETH, and The Ether Machine holds 496,000 ETH. Regarding spot ETFs, BlackRock holds about 3.94 million ETH, accounting for approximately 3.27% of the total supply. Fidelity and Grayscale's spot ETH are also steadily increasing. The community has begun to worry that Vitalik's influence may be weakened due to the decrease in his holdings. Since the founder's governance influence is crucial for the future developmen

Vitalik on Ethereum's Relationship with Wall Street: They are Ethereum Users, We are Power Users

On November 20th, the co-founder of Bankless, @RyanSAdams, presented a clip of his interview with Vitalik on X. During the interview, the host asked, "How do you perceive Ethereum's connection with Wall Street?" Vitalik responded by saying, "Regarding Wall Street, I consider them as users. In Ethereum, we are 'pro-users.'" Yesterday, in a speech, Vitalik issued a warning, stating that if institutional ETH holdings continue to increase, Ethereum will face two significant threats (developer outflow and pressured technical roadmap).

Yesterday Bitcoin Spot ETF saw a net inflow of $75.4 million, while Ethereum Spot ETF saw a net outflow of $37.4 million

On November 20th, according to the monitoring of Farside Investors, the net inflow of the US Bitcoin spot ETF yesterday was $75.40 million, and the net inflow into the BNY Mellon IBIT was $60.60 million. The Ethereum spot ETF witnessed a net outflow of $37.40 million, with a net outflow of $24.60 million from the BNY Mellon ETHA. The SOL spot ETF had a net inflow of $48.50 million yesterday, and there was a net inflow of $35.90 million into BSOL.

Aztec has announced the launch of a Ethereum-based decentralized L2 Ignition Chain.

On November 20th, according to official information, the zero-knowledge privacy technology project Aztec has launched a decentralized L2 Ignition Chain built on Ethereum. This network will act as the decentralized consensus layer that supports the Aztec Network. In previous news, Aztec announced the commencement of the AZTEC token sale, and more than 300,000 addresses qualified for the whitelist.

Vitalik Warning: Institutional ETH Holdings Continue to Expand, Ethereum Will Face Two Major Threats

On November 20th, at the Argentina Devcon conference, the founder of Ethereum, Vitalik Buterin, issued a warning. He stated that if the institutional holdings of Ethereum continue to rise, Ethereum will encounter two significant threats. The primary risk is the possibility of alienating those who truly care about decentralization and core developers, which could result in the erosion of the community. The secondary risk is making incorrect technical decisions; institutional pressure may lead to inappropriate technical decisions, such as setting a block time of 150 milliseconds. This benefits high-frequency trading but hinders regular users from running nodes, potentially leading to geographic centralization. Vitalik emphasized that Ethereum should focus on its global, permissionless, and censorship-resistant protocol characteristics. It is necessary to maintain a strong core community and uphold the values that set Ethereum apart from traditional finance. It is reported that currentl

BlackRock Submits Ethereum Trust ETF Filing in Delaware

On November 20th, BlackRock (iShares) submitted a filing for an Ethereum Trust ETF in Delaware.

Ethereum Surges Above $3,000

On November 20th, according to HTX market data, Ethereum has risen above $3,000, and the 24-hour decline has narrowed to 4.06%.

Ethereum Price Drops to $2900

On November 20th, based on HTX market data, Ethereum fell to reach $2900, experiencing a 24-hour decline of 7.22%.

Ethereum Deposit Synchronization Delay Continues, CEX Net Inflow of 60,200 ETH in the Last 24 Hours

On November 19th, based on Coinglass data, in the past 24 hours, the total net inflow of ETH on CEX was 60,200 ETH. The top three exchanges in terms of inflow volume are as follows: · Binance, with an inflow of 164,700 ETH; · Bybit, with an inflow of 37,200 ETH; · Gate, with an inflow of 5759.03 ETH. In addition, Bitfinex witnessed an outflow of 18,900 ETH and ranked first in the outflow list.

If Ethereum breaks through $3200, the mainstream CEX cumulative short liquidation pressure will reach 8.9 billion.

On November 19th, based on Coinglass data, if Ethereum breaks through $3200, the cumulative short liquidation intensity of mainstream CEX will amount to 890 million. Conversely, if Ethereum drops below $3000, the cumulative long liquidation intensity of mainstream CEX will reach 420 million. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring clusters, that is, intensity. Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that the price reaching that level will trigger a more pronounced reaction due to a liquidity cascade.

Movement Foundation: will transfer a portion of the tokens from the Ethereum mainnet MOVE Treasury Reserve to the native chain

On November 19th, the Movement Foundation issued a statement on the X platform. It mentioned that after fulfilling the buyback commitment for four months, in order to enhance the transparency of the tokens in the buyback wallet, it intends to transfer a portion of the tokens from the MOVE Strategic Reserve on the Ethereum mainnet to the Strategic Reserve on the native Movement Network to provide support for ecosystem projects and incentive measures. The Movement also stated that it will continuously and regularly send ERC-20 tokens to exchanges to supplement and rebalance the token supply, thereby enabling the withdrawal functionality again.

Ethereum Falls Below $3,000

On November 19th, according to HTX market data, Ethereum fell below $3,000, experiencing a 24-hour loss of 0.2%.

The $1 Billion Ethereum Treasury Plan Led by Li Lin and Xiao Feng Has Been Suspended

On November 19th, according to Wu Said's report, the $1 billion Ethereum Treasury Plan led by Li Lin with Xiao Feng, Shen Bo, Cai Wensheng, and others has been put on hold, and the funds raised have been returned. This plan was the largest-scale DAT led by Asian investors. Insiders speculate that the main reason for the shelving is the bearish market trend after the 1011 incident, with the stock prices of many DAT companies experiencing significant declines recently. Regarding whether the plan will be restarted, relevant parties stated that investor interests will be given priority, and the current situation still requires market observation and corresponding actions. It is reported that the current mainstream Ethereum Treasury (DAT) companies' mNAV has fallen below 1, with Bitmine dropping to 0.86 and SharpLink dropping to 0.85. Previously, according to Bloomberg, Li Lin was collaborating with Shen Bo, Xiao Feng, and Meitu founder Cai Wensheng, as well as other early Asian Ethereum

Yesterday the US Bitcoin spot ETF saw a net outflow of $3.728 billion, while the Ethereum spot ETF saw a net outflow of $74.2 million

On November 19th, according to Farside monitoring data, the net outflow of the US Bitcoin spot ETF yesterday was $372.8 million, and the net outflow of BlackRock's BIT was $523.2 million. The net outflow of the Ethereum spot ETF was $74.2 million, and the net outflow of BlackRock's ETHA was $165.1 million.

「Buddy」 Continues to Deposit More Funds and Lever Up 25x on Ethereum Long Position, Bringing Total Position Size to $11.56 Million

On November 19th, as monitored by HyperInsight, "buddy" deposited 234,900 USDC into Hyperliquid last night in order to increase his 25x long position in ETH. As of the time of this writing, he is still adding to his long position in ETH. Currently, he is holding 3,725 ETH with a position value of $11.56 million and has an unrealized gain of $142,000.

Ethereum Surges Above $3,100

On November 18th, according to HTX market data, Ethereum rebounded and exceeded $3100. The 24-hour decrease was narrowed to 0.21%.

If Ethereum breaks above $3150, the mainstream CEX cumulative short liquidation pressure will reach $1.055 billion.

On November 18th, according to Coinglass data, if Ethereum manages to break through $3150, the cumulative short liquidation strength on mainstream CEXs will amount to $1.055 billion. Conversely, if Ethereum drops below $2950, the cumulative long liquidation strength on mainstream CEXs will reach $797 million. BlockBeats Notes: The liquidation chart does not provide the exact number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, strength. Consequently, the liquidation chart shows the extent to which the price of the underlying asset will be influenced when it reaches a certain position. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense response due to a liquidity cascade.

Yesterday, the US Ethereum Spot ETF saw a net outflow of $182.7 million, marking the fifth consecutive day of outflows.

On November 18th, according to the monitoring of Farside Investors, yesterday in the US, the Ethereum spot ETF witnessed a net outflow of $182.7 million, indicating 5 consecutive days of net outflows. Yesterday, the Bitwise ETHA experienced a net outflow of $193 million, while Grayscale ETH had a net inflow of $10.8 million.

Vitalik Lambasts SBF: FTX Completely Deviating from the Ideals Ethereum Represents

On November 18th, as reported by Decrypt, Vitalik took the main stage at the Ethereum Devcon Argentina conference on Monday and was highly critical of former FTX CEO SBF. Vitalik pointed out that FTX has completely strayed from the ethos represented by Ethereum: he believes that Ethereum is decentralized, "cannot be evil," and is a community. In contrast, FTX relies on a centralized structure, requiring users to "trust the platform not to be evil."

Bitcoin Drops Below $92,000, Ethereum Briefly Falls Below $3,000

On November 18th, according to HTX market data, Bitcoin fell below $92,000, experiencing a 24-hour decline of 2.55%. Ethereum briefly dropped below $3,000, with a 24-hour decrease of 2.49%.

Ethereum Falls Below $3,100

On November 18th, based on HTX market data, Ethereum dropped below $3,100 and is currently priced at $3,094.

Analysis: BitMine's Ethereum Staking Position is currently at a unrealized loss of $2.98 billion, with a return rate of -21%.

On November 18th, according to on-chain data analyst Yu Jin, BitMine witnessed an increase of 54,000 ETH (approximately $180 million) in its ETH holdings last week. Its total ETH holdings have now reached 3.56 million ETH (approximately $11.27 billion), approaching 3% of the total ETH supply. Currently, its average ETH holding cost is $4,019, with an unrealized loss of $2.98 billion (-21%).

CBOE to Launch Bitcoin and Ethereum Futures Contracts on December 15

On November 17th, as per Bloomberg, the Chicago Board Options Exchange (CBOE) is scheduled to initiate Bitcoin and Ethereum Continuous Futures contracts on December 15th.

Singapore's SGX Launches Compliant Bitcoin and Ethereum Perpetual Futures Trading Service

On November 17th, as reported by CoinTelegraph, a major derivatives exchange platform in Singapore announced that, in order to meet the increasing institutional demand for digital assets, it will launch two new cryptocurrency futures products this month. The SGX derivatives trading platform is scheduled to launch Bitcoin and Ethereum perpetual futures. This kind of financial derivative contract enables investors to engage in perpetual speculation on the underlying price. SGX stated in Monday's announcement that the introduction of the new products is in response to the trend of "the rising institutional crypto demand and the blending of traditional finance with the crypto-native ecosystem". The perpetual contracts will officially start trading on November 24th. These contracts will allow eligible and professional investors to have perpetual exposure to the underlying asset's price without an expiration date, and all trades are regulated by the Monetary Authority of Singapore.

New Exchange: Bitcoin and Ethereum Perpetual Futures to Launch on November 24

On November 17th, the Singaporean exchange announced that it will commence Bitcoin and Ethereum perpetual futures trading on November 24th. Bitcoin and Ethereum perpetual futures will be accessible only to eligible institutional investors. (Golden Finance)

Arthur Hayes has sold a $7.4 million Ethereum ecosystem token bundle in the past two days.

On November 17th, as per the monitoring of Onchain Lens, Arthur Hayes, the co-founder of BitMEX, once again transferred 320,000 LDO to Wintermute, which is approximately equivalent to $239,000. During the past two days, Arthur Hayes has sold a total worth of $7.4 million of ETH, ENA, LDO, AAVE, UNI, and ETHFI.

Matrixport: Bitcoin and Ethereum Leveraged Positions Accelerating Liquidation

On November 17th, Matrixport released a market commentary indicating that the current market is in a distinct deleveraging phase, and those maintaining high positions are facing increasing risks. The open interest in Ethereum futures contracts has decreased by 50%, suggesting a rapid contraction of leveraged funds. Against this backdrop, overall risk appetite is under pressure. Bitcoin is approaching a key support level at $93,000, and the liquidity in this range may further weaken in the short term. The highly crowded long positions in futures during the fourth quarter have been largely liquidated, and the pressure at the leverage end is being released periodically. The next thing to pay attention to is that ETF holdings are currently relatively concentrated; if the market continues to weaken, these funds may experience greater selling pressure, thereby bringing new liquidity challenges.

A certain Ethereum ICO wallet address recently transferred out 200 ETH, worth approximately $626,000.

On November 17th, as monitored by LookOnChain, a certain Ethereum ICO wallet address, 0x9a67, which had been dormant for more than 10 years, recently transferred 200 ETH, which is approximately worth $626,000. The investor had only invested $310 to purchase 1,000 ETH during the Ethereum ICO period. The total value of the tokens has now reached $3.13 million, resulting in an astonishing return on investment of 10,097 times.

Cryptocurrency Market Dips Again, Bitcoin Nears $93,000, Ethereum Teeters Just Above $3,000

On November 17th, according to HTX market data, the cryptocurrency market has experienced a decline once again. Bitcoin fell this morning and touched $93,005. It is now trading at $94,238, with a 24-hour decrease of 1.43%. Ethereum also fell this morning and touched $3,004. It is now trading at $3,093, showing a 24-hour decrease of 2.43%. BNB is currently trading at $926, and SOL is trading at $137. The total cryptocurrency market capitalization has dropped by 2% in the past 24 hours and is now at $3.268 trillion. The altcoin market is generally in a downward trend. Among them: GIGGLE is currently trading at $130.5, with a 24-hour decrease of 9.59%; F is currently trading at $0.01, with a 24-hour decrease of 8.87%; PARTI is currently trading at $0.065, with a 24-hour decrease of 8.6%; PHA is currently trading at $0.05, with a 24-hour decrease of 8.5%; ICP is currently trading at $4.86, with a 24-hour decrease of 8.3%.

Ethereum Drops Below $3,100

On November 16th, based on HTX market data, Ethereum fell below $3,100, experiencing a 24-hour decline of 2.6%.

Ethereum's 7-day Net Supply Change Increases by 18,262 ETH

On November 16th, based on data from Ultrasound.money, the net supply of Ethereum in the past 7 days saw an increase of 18,262 ETH. There was a net addition of approximately 18,904 ETH, and 642 ETH was burned through the deflationary mechanism. The total Ethereum supply has now reached 121,216,528 ETH, and the current supply growth rate is 0.786% per year.

Bit Digital Releases Q3 Financial Report: Ethereum Holdings Increase to 153,547 ETH, Staking Revenue Reaches $29 Million

On November 16th, the Ethereum treasury company Bit Digital officially presented its Q3 2025 financial report. It was disclosed that the total revenue for the quarter reached $30.5 million, showing a 33% year-on-year growth. The ETH staking revenue was $29 million, with a 542% year-on-year increase. As of October 31, 2025, the company held 153,547 ETH, which was approximately valued at $5.905 billion. Additionally, 31,057 ETH were added in October.