Ethereum Whale Accumulation Grows as 20,013 ETH OTC Purchase Highlights Ongoing Buying Wave

Since November 2025, large Ethereum holders have been steadily accumulating ETH, with one OTC whale address recently adding 20,013 ETH worth about $59 million while price action remains subdued. Validators are largely staying put, the exit queue is almost empty, and entities such as Bitmine are reportedly active without offering public explanations, leaving the motives behind this sustained buildup unclear.