Sharks – Earlybirds Invest

Ether (ETH)

traded at $2,508 on June 14, down 0.88% in the past 24 hours, yet managed to hold support above the $2,500 level despite shifting institutional dynamics.

According to crypto analytics platform Santiment, wallets holding between 1,000 and 100,000 ETH — referred to as whale and shark wallets — have added a net total of 1.49 million ETH over the past 30 days. This group increased its combined holdings by 3.72% and now controls 26.98% of the total ether supply.

Santiment noted that while smaller, retail-driven wallets have been taking profits, these large holders have steadily accumulated. The divergence in behavior highlights growing long-term conviction among ether’s key stakeholders, even as retail sentiment appears to be wavering following recent price declines.

At the same time, U.S.-listed spot Ethereum ETFs registered $2.2 million in net outflows on Friday, marking the end of a 19-day inflow streak. The reversal, as confirmed by data from Farside Investors, is the first sign of slowing institutional demand via these ETFs since late May.

Still, ether’s broader structure remains intact. Following a pullback from recent highs near $2,870, ETH continues to hold above a historically significant support zone near $2,500. The persistent accumulation by whale and shark wallets may provide an important floor for price, particularly if macro conditions stabilize and regulatory clarity improves.

Technical Analysis Highlights

Ether traded between $2,499.39 and $2,580.53 over the past 24 hours.
Price peaked near $2,580 in the early hours before entering a steady decline.
The token briefly dipped below $2,500 before bouncing to close near $2,518.76.
Late-session volume surged, particularly around 17:30–18:00 GMT, coinciding with the rebound.
Support appears to be forming around $2,500, a key psychological and technical level.
Despite modest losses, ETH maintained a narrow range of $81.14 (3.14%), showing relative stability

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Bitcoin investors with 10-10,000 BTC recently expanded their holdings

In a new post from X, on-chain analytics firm Santiment talks about the latest trends in the supply held by major Bitcoin investors.

At current exchange rates, this range converts to $1 million at the bottom and $1 billion at the top. Therefore, the only investors who can qualify are investors with significant holdings. Generally, the impact of entities in the market increases with more supply than they manage, so holders within this range retain important locations in the ecosystem. Collectively, these investors are commonly known as sharks and whales.

Now, here is the chart shared by the analytics company. This indicates a trend in the distribution of sharks and whales.

As shown in the graph above, Bitcoin sharks and whales have recently seen a rise in supply distribution. More specifically, investors falling in the 10-10,000 BTC range have added around 83,100 tokens to their wallets over the past month. However, this accumulation was not in a constant way as these investors actually reduced supply at the beginning of the month.

This sale from the cohort exceeded $97,000 for BTC recovery, so the motivation behind it could be profitable. The chart also shows that this sale has brought about a cryptocurrency pullback.

During the latest update of bullish momentum, sharks and whales have once again resumed their Bitcoin accumulation, surpassing their holdings, particularly from their previous peaks. So far, the group has shown no indication of profitability. This could, of course, be a bullish sign of rally sustainability.

On the same chart, Santiment also includes data for the supply distribution of investors under 0.1 BTC. Interestingly, these investors sell while sharks and whales are experiencing accumulation.

This could indicate that shrimp believes that the top could be in the immediate place. However, given the accumulation from large investors, the analytics company said:

Bitcoin investors with 10-10,000 BTC recently expanded their holdings

BTC price