Ethereum News Today: Ethereum Whales Quintuple Holdings as BTC/ETH ETFs Bleed-Altcoins Attract $126M

Bitcoin (BTC) and Ethereum (ETH) spot ETFs experienced significant outflows last week, with $558.4 million and $46.6 million leaving the assets, respectively, according to LookOnChain. The exodus highlights shifting investor sentiment, though technical indicators suggest the market may not be in freefall. Meanwhile, Ethereum's largest whale closed its Bitcoin long position and quintupled its ETH exposure to 40,000 ETH ($138 million), signaling a tactical pivot toward the second-largest cryptocurrency, a move highlighted in a Coinotag report.

The redemptions contrast with surging interest in altcoin ETFs. Bitwise's Solana ETF (BSOL) added $126 million in net inflows over the past week, amassing over $545 million since its October 28 debut, as detailed in a Yahoo Finance report. The fund's success underscores growing demand for exposure to altcoins like Solana (SOL), which has a $90 billion market cap but has lost 16% in the past week. Analysts attribute the inflows to Solana's robust ecosystem and institutional appeal, despite its price decline.

Ethereum's price action also drew attention. While the token fell to $3,975 amid ETF outflows, it has held its ascending trendline and 200-day EMA ($3,540), suggesting short-term resilience, a point underscored by a Sahm Capital analysis. The "1011 Insider Whale" move to boost ETH holdings further reinforces bullish sentiment, as large investors continue to allocate capital to Ethereum's long-term potential.

The altcoin narrative extends beyond Solana. Lido DAO's community will soon vote on a liquidity buyback mechanism aimed at reducing LDO token supply and deepening market utility, as outlined in a BitcoinSistemi article. The proposal, which could operationalize in Q1 2026, ties buybacks to Ethereum's price and revenue thresholds, ensuring sustainability. This move aligns with broader efforts to stabilize altcoin markets amid volatility.

Technical analysis for Bitcoin remains cautiously optimistic. The asset defended its $111,000 support level, with the 200-day EMA ($108,000) acting as a secondary floor, as noted in the Sahm Capital analysis. Traders watch for a rebound toward $128,000, contingent on maintaining key trendlines. Ethereum faces similar dynamics, with $3,900–$3,600 critical for near-term recovery.

The divergence between ETF outflows and on-chain strength suggests short-term repositioning rather than a fundamental breakdown. As Bold Crypto Tony and others advocate buying altcoins during dips, the market's focus shifts to whether Ethereum and Solana can capitalize on institutional inflows and technical resilience.