Bitcoin Whale Bets on Ethereum
Date: 2025-08-22 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
The crypto trading community is discussing the actions of a major Bitcoin holder, who, seven years after buying his coins, decided to change his strategy. According to Lookonchain, this investor purchased 14,837 BTC on HTX and Binance at a price of about $7,242 per coin. The investment was initially valued at $107.5 million, and today its value exceeds $1.6 billion.
This week, the whale withdrew 670.1 BTC (about $76 million) to the Hyperliquid platform and sold them. The funds were directed to long positions on Ethereum - through four wallets, he purchased 68,130 ETH worth about $295 million. The trades were made with leverage up to 10x. However, according to HypurrScan, the total result now shows a floating loss of about $1.8 million. Despite this, analysts believe that such a move reflects confidence in the further growth of ETH.
Experts note that in the second quarter, Ethereum significantly outperformed Bitcoin in terms of profitability, and the trend continues. According to Coinglass, since the beginning of the third quarter, ETH has grown by 71.91%, while BTC has added only 6.28%.
The growth of interest is also supported by investments in Ethereum-ETFs. In just six weeks, the volume of inflows into these funds is comparable to the annual results of previous periods. Senior Bloomberg analyst Eric Balchunas emphasized that in July, it was Ethereum-ETFs that first displaced Bitcoin to second place in importance.
There is also a decrease in interest in BTC from companies using it for treasury reserves: the average number of such purchases has decreased to 2.8 per day. At the same time, corporate investments in ETH and altcoins are growing. Data from Strategic ETH Reserve shows that over the past month, institutional players' ETH holdings have increased from $6 billion to $17 billion, which corresponds to a 183% increase.
The current dynamics confirm the thesis about the "Ethereum season" - the stage when the asset takes a leading position and becomes the center of investors' attention. According to analysts, this phase is the second stage of the cycle, after which capital may begin to flow into smaller altcoins, signaling the approach of the market peak.
Thus, the move of the Bitcoin whale symbolizes not only an individual strategy, but also reflects a broader trend of shifting interest from BTC to ETH, which is confirmed by both institutional flows and price dynamics.
