- Mega-whale wallets hit highest levels since 2021, signaling accumulation.
- A $99.4M ETH long and Bitmine’s $10B stash highlight whale confidence.
- Fusaka upgrade on Dec 3 could be the catalyst that pushes ETH toward $10K.
Ethereum whales are back in action, with mega-wallets reaching levels last seen in 2021. One whale opened a $99.4 million long position on ETH, while Bitmine added another 15,427 ETH worth $69 million, bringing its holdings to 2.17 million ETH valued near $10 billion.
Whale Accumulation Points to Strong Bullish Outlook
Glassnode data shows a sharp rise in whale wallets holding tens of millions in ETH. Historically, such accumulation has preceded major price rallies. Big players positioning now suggest growing confidence in Ethereum’s next major move.
Fusaka Upgrade Set for December 3 to Boost Scalability and Costs
Ethereum developers have confirmed December 3rd for the Fusaka hard fork. The upgrade includes 12 EIPs focused on improving scalability, security, and transaction efficiency. Blob capacity will more than double weeks after launch, with another increase planned for January 2026, making layer-2s faster and cheaper.
Can Ethereum Price Rally Toward $10,000?
With whale accumulation, Bitmine’s growing ETH stash, and Fusaka promising major improvements, analysts are renewing calls for $10K ETH this cycle. A smooth upgrade paired with bullish technical setups could be the catalyst for Ethereum’s next parabolic run.
