Ethereum Whales Stack as Price Crashes Below Cost

Ethereum drops to $1,976, below whale cost basis. Major holders accelerate buying. CryptoQuant shows June 2025 accumulation continues aggressively.

Ethereum trades at $1,976.42. Down 4.25% in 24 hours. The weekly drop hit 12.98%. Major holders sit underwater now. Yet buying accelerates. Market cap stands at $238.4 billion.

According to CW8900 on X, whales started accumulating in June 2025. ETH now trades below its entry. “The current price is below the price at which they began accumulating,” CW8900 stated.

One-hour losses reached 0.56%. Price action shows consistent pressure. Coin Bureau tweeted that ETH is trading below its realized price.

📉 ETH IS NOW BELOW WHALE COST BASIS$ETH is now trading BELOW whales’ realized price, putting them underwater.

Despite this, they’re stacking even more aggressively, signaling high conviction and a bet on higher prices ahead. pic.twitter.com/Xw2YmYbIv7

— Coin Bureau (@coinbureau) February 11, 2026

Source: Coinbureau

Accumulation Intensifies Below Cost Basis

Full-scale buying began in June. CryptoQuant data tracks whale addresses. These holders bought higher.

“Their accumulation is proceeding even more aggressively,” according to CW8900’s analysis. The conviction remains high. Coin Bureau emphasized this pattern. “They’re stacking even more aggressively, signaling high conviction and a bet on higher prices ahead.”

Weekly metrics show a 12.98 percent decline. The daily chart dropped 4.25%. Market cap totals $238,498,203,061 currently.

Current levels appear attractive to whales. Price fell below the June accumulation point. Yet addresses continue stacking ETH tokens.

Whale Behavior Defies Price Drop

Large holders increase exposure now. Historical data shows accumulation precedes rallies often. The gap creates unrealized losses currently.

Ethereum trades beneath the realized price threshold. CryptoQuant provides on-chain transparency. CW8900 noted prices fell below whale cost. The one-hour chart shows 0.56% drop.

Major holders demonstrate conviction despite losses. According to Coin Bureau on X, whales bet on higher prices. Their buying actually intensified recently.

The divergence creates an interesting dynamic. Price drops, but whale accumulation accelerates. ETH lost value across all timeframes. Seven-day performance reveals sustained pressure.

Accumulation addresses started buying in June 2025. The current price sits below that level. “The current price is below the price at which they began accumulating,” CW8900 stated on the platform. Whales view levels as an opportunity, apparently.

Market cap stands at 238 billion dollars. Hourly losses compound daily declines. Yet the largest holders stack more aggressively.