Bitcoin News

Story: Ancient Bitcoin Whale Moves 400 BTC Into Ethereum Amid Market Turbulence

By Julie Binoche

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Whale Swaps $45.5 Million in Bitcoin for Ethereum. According to data from Onchain Lens, the whale deposited another 400 BTC, worth approximately $45.

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Ethereum Faces ETF Outflows and Volatility. While whales appear to be betting big on Ethereum, the asset has been under severe pressure from…

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Whale Behavior Highlights Market Rotation. The whale’s decision to rotate from Bitcoin to Ethereum may reflect a broader market shift.

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Bitcoin Advocates Expect Capital to Flow Back. Not everyone is convinced this rotation will last. Samson Mow, CEO of Jan3 and a prominent Bitcoin…

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Market Outlook. Ethereum’s price action remains uncertain in the short term.

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A dormant Bitcoin whale has resurfaced with significant moves, transferring hundreds of millions in digital assets and shifting focus from Bitcoin to Ethereum.

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The whale, identified by on-chain analysts, first became active seven years ago after withdrawing nearly 15,000 BTC, valued at around $95 million at that time.

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According to data from Onchain Lens, the whale deposited another 400 BTC, worth approximately $45.5 million, into Hyperliquid before exchanging the funds for ETH.

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Beyond spot trading, the whale engaged in leveraged strategies. On-chain data shows massive long positions in Ethereum futures, totaling 68,130 ETH, or $295 million, spread…

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This shift indicates that long-term Bitcoin holders may be diversifying into Ethereum, viewing it as an asset with higher short-term upside potential in derivatives markets.

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Data from SoSoValue shows that the withdrawals continued for three consecutive sessions, totaling $678 million in outflows.

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Despite briefly recovering to $4,223, Ethereum remains under intense selling pressure. Traders are now debating whether ETH’s 200% rally in recent months is beginning to fade.

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The whale’s decision to rotate from Bitcoin to Ethereum may reflect a broader market shift. Historically, whales have tended to accumulate Bitcoin during downturns and sell…

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Ethereum’s rising importance in decentralized finance (DeFi), its growing staking ecosystem, and upcoming developments in tokenization may also be influencing whale behavior.

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Not everyone is convinced this rotation will last. Samson Mow, CEO of Jan3 and a prominent Bitcoin advocate, believes Ethereum’s rally could soon reverse.

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