Giant Investment! Legendary Bitcoin Whale Puts $3.8 Billion into Ethereum

Jakarta, Pintu News – This weekend, a major phenomenon took place in the cryptocurrency world when a notorious Bitcoin (BTC) whale began shifting his investments to Ethereum (ETH). With an accumulated amount of $3.8 billion, this activity marks one of the largest transactions in the history of the crypto market.

Moving Assets from Bitcoin to Ethereum

The Bitcoin whale known as “Bitcoin OG” has started a massive migration from Bitcoin (BTC) to Ethereum (ETH) since last August. In just 12 hours, the whale sold 4,000 BTC worth about $435 million to buy 96,859 ETH. This move not only increased the amount of ETH owned by the whale to $3.8 billion, but also placed him as one of the largest Ethereum holders in the market.

In addition, the whale also invested another 1,000 BTC into the decentralized exchange Hyperliquid (HYPE) on September 1st. This suggests that there may be more ETH purchases to come.

Also Read: Altcoin Surge 2025: An Interesting Investment Opportunity to Watch As the Year Ends!

Whale Activity and its Impact on the Ethereum Market

During August, there was a significant increase in the number of large transactions on Ethereum, with transactions of over $1 million peaking. This coincided with a rise in the price of ETH, which broke through the $4,300 mark. These large players in the market were not only active in repositioning assets, but also adding momentum to Ethereum’s price movement.

On the other hand, open interest for Ethereum Futures also saw a surge, briefly passing $70 billion before eventually stabilizing at around $60 billion. The spot and derivatives markets seem to be aligned in Ethereum’s favor, with crypto whales providing liquidity and traders increasing their exposure to the asset.

Ethereum Price Stability Amid Volatility

Currently, Ethereum is trading at around $4,390, moving steadily after a strong rally in early August. The daily chart shows little momentum, with the Relative Strength Indicator (RSI) in the neutral zone and the Moving Average Convergence Divergence (MACD) showing a decline.

Although the short-term momentum appears to be slowing down, the price of Ethereum remains stable. This period of consolidation suggests that Ethereum is taking a break after its recent run-up. Although the market seems to be in a cooling phase, Ethereum remains a focal point for whales who continue to buy at every price drop. The market may be preparing for the next move.

Conclusion

With increased activity from whales and strong support from the derivatives market, Ethereum still seems to have plenty of room to grow. This massive investment by Bitcoin whales not only shows confidence in Ethereum, but could also be an early indicator of shifting trends in the cryptocurrency ecosystem.

Also Read: Bitcoin Price Increase Prediction: Analyst Dave The Wave Reveals Potential Spike in September!

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. A legendary Bitcoin whale just made a $3.8B bet on Ethereum. Accessed on September 2, 2025