Recent on-chain data reveals intensified activity among cryptocurrency whales, particularly in Ethereum (ETH) and Bitcoin (BTC). A whale purchased 30,000 ETH valued at $54 million and 600 BTC worth $56.7 million over-the-counter through Wintermute. Another whale who had shorted 4,000 ETH at around $1,808 experienced losses exceeding $40,000 and subsequently shifted to a long position, acquiring 7,289 ETH at an average price of $1,825.8 and borrowing 5 million USDC on Aave. Additional whale activity includes a purchase of nearly $50 million worth of ETH on Coinbase and Binance, with BlackRock acquiring 27,537 ETH valued at approximately $49.95 million on Coinbase. This surge in buying coincides with a dormant Bitcoin whale wallet awakening after eight years, which was drained resulting in a $330 million loss. The overall trend indicates aggressive accumulation of ETH and BTC by large holders, suggesting heightened market interest and potential upward momentum.