Bitcoin Whale Shifts Funds to Ethereum, Buying 472,920 ETH Worth $2.2 Billion!

Jakarta, Pintu News – A major cryptocurrency investor with a fortune of more than $11 billion (around Rp179.27 trillion) recently made the surprising move of selling most of his Bitcoin (BTC) holdings and shifting funds to Ethereum (ETH).

In the past week, it bought hundreds of millions of dollars in spot Ether, which suggests that major investors are starting to have more confidence in ETH’s future prospects.

These large moves have caught the attention of many cryptocurrency traders, who are closely monitoring the rotation of funds by the whales as an indication of short-term market movements.

Check out the full analysis below!

Bitcoin Whale Sells Bitcoin and Buys Ethereum

Last week, a Bitcoin whale with a fortune of over $11 billion sold 22,769 BTC worth $2.59 billion.

The proceeds from the Bitcoin sale were then diverted into 472,920 Ethereum spots worth $2.2 billion and long Ethereum perpetual positions worth $577 million on Hyperliquid’s decentralized exchange.

This decision shows confidence in Ethereum’s stronger bullish potential compared to Bitcoin in the near future.

Capitalizing on the strength of the Ethereum market, the whale managed to close $450 million worth of long Ethereum positions at an average price of $4,735, earning a profit of around $33 million.

After that, he bought another $108 million worth of spot Ethereum, further showing his optimism towards ETH’s performance in the crypto market.

Data from blockchain intelligence platform Lookonchain also shows that this whale still maintains a long Ethereum position worth 40,212 ETH with an unrealized gain of $11 million.

ETH outperforms BTC, increasing demand from whales

As the price of Ethereum has risen by almost 25% in the past month, the demand from whales to buy ETH continues to increase. Ethereum (ETH) is now performing better than Bitcoin (BTC), which is down about 5.3% over the same period.

Ethereum’s current price is around $4,600, with some analysis suggesting that it has the potential to reach higher prices in the near future, possibly even breaking the $5,200 mark.

Read also: Hyperliquid (HYPE) Predicted to Soar 126x in 3 Years, Arthur Hayes Provides Analysis!

While Bitcoin (BTC) is stuck in a price range between $110,000 and $120,000 (approximately Rp1.79 billion – Rp1.95 billion), Ethereum (ETH) is expected to continue its bullish trend, thanks to a boost from increased demand in its growing ecosystem.

Experts, including Bitget CEO Gracy Chen, also revealed that this movement of funds from Bitcoin to Ethereum further strengthens ETH’s momentum, potentially leading to an altcoin season.

External Factors Affecting Market Movement

Aside from the rotation of funds from Bitcoin to Ethereum, there are other external factors that have influenced cryptocurrency market sentiment. One of these was the surprising comments from Federal Reserve Chairman Jerome Powell, who hinted that an interest rate cut may be on the horizon.

This leads to an increased risk appetite among crypto investors, which in turn encourages more funds to flow into crypto assets like Ethereum.

According to Gracy Chen, a more dovish policy from the Federal Reserve could be a major catalyst in favor of the crypto market.

On-chain data also shows that there is currently a large capital rotation from Bitcoin to Ethereum, which further accelerates the positive momentum for ETH. If this trend continues, it is possible that Ethereum will reach higher price levels and dominate the crypto market in the near future.

Conclusion

With Bitcoin whales shifting large funds into Ethereum (ETH), cryptocurrency investors are increasingly optimistic about the altcoin’s prospects. If this trend continues, Ethereum could potentially set new price records in the coming weeks or months. Traders and investors in the cryptocurrency world need to monitor these big moves to assess the potential profits to be made.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Cointelegraph. Bitcoin Whale Sells $2.59 Billion in BTC, Bets Big on Ethereum with $2.2 Billion in Spot Ether. Accessed August 26, 2025.