Ethereum Reclaims $4,030.56 As Whale Transfers 20,344 ETH To Private Wallet Amid UK’s FCA Lifting Crypto ETP Ban

A significant activity has caught the attention of crypto market participants: more than 20,344 ETH transferred from the Bybit exchange to an unknown blockchain wallet. The transaction, which occurred today, October 20, 2025, was worth $82.42 million, according to data shared today by market analyst Whale Alert. This large movement of Ether tokens has elicited scrutiny and raised questions about the intention behind the transfer.

Ethereum Large-scale Stablecoin Inflow Indicates Market Momentum

ETH price traded at around $4,030.56 after an unidentified whale bought 20,344 ETH from Bybit and moved the tokens to a new wallet, decreasing supply and signalling confidence in the market. According to the latest metrics (dated yesterday, October 19, 2025) from CryptoQuant, the transfer volumes of altcoins, including Ethereum, have surged to a new YTD (year-to-date) high. In other words, the volume of Ether transfers to exchanges hitting a new high suggests that ETH’s prices are likely to experience a fresh upturn. The surge in transfers coincides with Ethereum’s rebound (supported by investors heightening their accumulation) amid a noticeable recovery in the wider crypto market.

Data shared yesterday by crypto analyst Artemis revealed that Ethereum pulled in $995.8 million in stablecoins over the past 24 hours, its largest stablecoin supply inflows in recent history. This substantial rise in stablecoin inflows shows increasing investor appetite and upcoming preparation for huge on-chain activity within the Ethereum network.

Traditionally, stablecoin inflows are considered an indicator of a forthcoming trading activity. Whenever stablecoins pour into a blockchain, it normally implies that funds are being pumped into the network and customers are making preparations to purchase tokens, participate in DeFi, and engage in liquidity pools.

Ether’s Position Improves Amid Crypto Market Recovery

Ethereum’s price currently hovers around $4,023.47 after the notable token transfer flagged above. The massive purchase signals that whales are revamping their interest in the token and hence heightening their accumulation as reflected in ETH’s latest price moves.

Today, ETH’s price rose 2.9% but is down 1.1% over the past week, meaning the asset is decreasing the losses experienced recently. Three days ago, on October 17, 2025, ETH stood at $3,877.40 with a 15% weekly price down. Today, the asset reclaimed $4,000, and Bitcoin is back above $110,000 after last week’s $500 billion market liquidations triggered by recent tariff trade tensions between the US and China.

One of the major drivers for this week’s crypto resurgence is the announcement by the UK’s FCA to remove a four-year ban on crypto ETPs, allowing UK retail investors to trade securities that track crypto assets on stock markets.