Ancient whale of Bitcoin resumes eth purchases in the midst of correction
By Hannah Pérez
The price of Bitcoin has slipped below USD $ 109,000 while ETH has retreated 12% since its newly conquered historical maximum. The whale initially woke up last week after 7 years of inactivity.
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- A whale with more than USD $ 5,000 million in Bitcoin, Buy Ethereum.
- The address was reactivated last week to invest USD $ 2.5 billion in ETH.
- A series of investors have begun to change their balances in BTC by Ether.
- Even amounts to correction, ETH exceeds BTC with a gain of 73% in 3 months.
A whale Bitcoin (BTC) that aroused recently after 7 years of inactivity, has resumed its activity to resume purchases of Ethereum (ETH) In the middle of wide correction in the cryptocurrency market.
The analysts of Arkham Intelligence They noticed the play of the large investor, whose identity is unknown, on Friday. Tracking the data on the chain, the team wrote on its X account:
A whale with more than USD $ 5 billion in BTC is buying Eth.
“It has just transferred USD $ 1.1 billion in BTC to a new wallet and has begun to buy ETH through Hyperunit/HL. This whale bought USD $ 2.5 billion ETH last week and still buying“
Breaking: $ 5 billion btc WHALA BUYING UP TO $ 1 BILLION $ Eth
A Whale Holding Over $ 5B of BTC IS CURRENTLY BUYING $ Eth. I have just moved $ 1.1 Billion of BTC to a New Wallet and Has Started Purchasing eth This Hyperunit/HL.
This what boought $ 2.5 billion of eth last week, and … pic.twitter.com/cmqwrybmzb
– Arkham (@arkham) August 29, 2025
The researcher Lookonchain, That he has been tracking on recent rotation movements between Bitcoin’s whales towards ETH, he also noticed the Friday of the transaction, identifying the whale as a “OG” of Bitcoin –A term that refers to a veteran with a large number of bitcoins, possibly involved in the industry from its early stages (usually from the first years of Bitcoinaround 2009-2013, or the call was Satoshi).
“The Bitcoin OG that bought 641,508 Eth (USD $ 2.94 billion) is back“, wrote Lookonchain Friday in X.
“After a two -day break from Buy ETH, it simply deposited another 1,000 BTC (USD $ 108.27 million) in Hyperliquid, selling them and buying ETH in cash.”
Bitcoin whales rotate to eth
Last week, Lookonchain He had reported From a whale wallet that, after seven years of inactivity, rotated part of its 100,784 BTC to buy 62,914 ETH and establish a long derivative position of 135,265 ETH.
It is not clear if Friday’s movement is related to the same entity. In any case, the transaction is not isolated and occurs in the midst of a broader strategy of wallet migration with large fortunes in Bitcoin Towards the second largest cryptocurrency.
On Wednesday of this week we reported from a separate whale that sent 750 BTC, then valued at approximately USD $ 83.4 million, to cryptocurrency exchange Binance Days before, Another direction had sold more than 24,000 BTC and redirected them towards ETHas reported The Block citing the CEO ofWhalewire, Jacob King.
Following the recent whale movements of Bitcoin rotating towards EthereumVincent Liu, cio de Kronos ResearchHe said that the wallets that BTC exchange for ETH may not belong to the same headline.
“It is more likely to be the work of several whales or an exchange with important properties, instead of a single entity“Liu said The Block Earlier this week. “Large -scale transactions such as this often involve institutional actors or coordinated actions. ”
ETH exceeds Bitcoin’s profits
Ethereum He has been capturing the interest of institutional and retail investors, a trend that is reflected in the aggressive corporate purchases and record flows of the funds quoted in the stock market (ETF) of ETH al cash in the US Ethereum They added more than USD $ 9 billion while the ETFs attracted almost USD $ 4 billion.
The renewed appetite promoted ETH last week on an approximate new historical maximum of USD $ 4,950. While Ether’s price has now backed up 12% since that peak in the middle of a generalized bearish action, its gain of 74% of the last three months even far exceed the performance of just 4% of Bitcoin In the same period.
ETH is negotiated around USD $ 4,364,56, 1.8% higher in 24 hours, while BTC is below USD $ 109,000, with a modest gain of 0.2%, according to data from data from Coingcko. Both accumulate losses of between 6% and 7% in the week, with the distinguished cryptocurrency correcting 12.5% from its historical maximum of USD $ 124,000.
Hannah Estefanía Pérez / Diariobitcoin
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