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The price of Ethereum (eth) has risen in the last 24 hours, following the recovery of the broader market. At the same time, the series data show a mixture of distribution and aggregation, indicating divergent attitudes of investors.
This gap highlights continued market uncertainty, with Ethereum trading below key technical levels amid a general downward trend.
The Ethereum market is splitting as some major holders are selling while others are hoarding
According to data on the chain highlighted by the blockchain analytics platform Locochain, Ethereum co-founder Vitalik Buterin continued. sale ethereum The company reported that Buterin recently sold 675.88 coins.
During the past month, Its total sales amounted to 11,422 Ethereum, worth about $23.33 million. These operations were after Buterin previously revealed that… Withdraw 16,384 Ethereum and the plan to invest the coins strategically for long-term goals in the coming years.
LeConchain added that his plan was to sell 16,384 Ethereum and about 70% of them were implemented, .
On-chain data from Arkham Intelligence indicates that the sale is still ongoing, with additional transfers to Ethereum. tied up Governor Buterin.
Meanwhile, in a separate update, LeCounchain reported that Ethereum treasury company FG Nexus transferred 7,550 ETH worth about $14.06 million to Galaxy Digital.
This step comes later Accumulation phase last year. In August and September 2025, the Treasury Company purchased 50,770 Ethereum at an average price of approximately $3,860.
The company changed course and started liquidating part of its position, selling 21,025 Ethereum at an average price of about $2,649.
The post stated that they still own 30,094 eth ($57.5 million), with a total loss of $82.8 million.
The sell-off comes as the price of eth continues to weaken, affecting treasury companies for the digital asset. Bitmain’s unrealized losses exceed $7 billion.
Despite the decline, the company continued to expand its position. Last week, Bitmain acquired another 51,162 eth worth more than $93 million. The latest purchase brought his total holdings to 4,422,659 eth.
In addition to institutional investors, whales are also active in the market. A top holder, known as 0x2bd7, traded 205 btc, worth $13.45 million, for 6.973 eth at an exchange rate of 0.02944.
Ethereum posts 5% daily gain as traders eye $2,000 breakout level
So far, the recent sell-off has not affected the price of Ethereum. In the last 24 hours, eth is up 5%, outperforming the broader digital market, which is up 3.28% in the same period. At the time of writing, Ethereum was trading at $1,916.
Analyst Ted Bellows noted that Ethereum is showing signs of recovery, but the bullish momentum is bound to strengthen.
Ted Bellows said that until eth regains the $2,000 level, all the recent gains are still likely to return.
As major holders and treasurers continue to adjust their positions, it appears that Ethereum’s short-term trajectory remains closely tied to overall market momentum.
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