Bitcoin Whale Shifts Massive $3.5 Billion to Ethereum in Historic Crypto Move

Whale alert: one of crypto's biggest players just made a seismic shift from Bitcoin to Ethereum—and the entire market felt the tremor.

The $3.5 Billion Pivot

Forget dipping a toe—this whale plunged headfirst into Ethereum with a transaction size that redefines 'conviction.' That kind of volume doesn’t just move markets; it rewrites playbooks.

Why Ethereum Now?

Smart contracts, staking yields, and an ecosystem that’s eating traditional finance—while Bitcoin holds the crown, Ethereum builds the kingdom. It’s not a trade; it’s a strategic repositioning.

The Ripple Effect

When whales move, minnows notice. Expect altcoins to rally, debates to ignite, and your cousin to suddenly become an 'Ethereum maxi' by dinner time.

Let’s be real—in a world where 'portfolio diversification' often means buying two meme coins instead of one, this whale just wrote a masterclass. Traditional finance is still trying to short Bitcoin at $50K—some things never change.

Whale Accumulation Reinforces Ethereum Bullish Outlook

According to data from Arkham, one of the largest Bitcoin holders in the market has begun a major rotation into Ethereum, reinforcing confidence in ETH’s long-term trajectory. The whale, who controls more than $5 billion in BTC, just moved $1.1 billion worth of Bitcoin into a new wallet before starting to accumulate ETH through Hyperunit/HL. This move follows last week’s activity, when the same whale purchased an astonishing $2.5 billion worth of ethereum — and the buying spree is far from over.

Such aggressive accumulation highlights the growing trend of capital rotation from Bitcoin into Ethereum. For months, institutions and whales largely concentrated on BTC exposure, but recent activity suggests Ethereum is becoming an equally compelling asset in their portfolios. The sheer scale of this whale’s moves underscores a strong conviction that ETH is undervalued relative to its potential.

This accumulation spree also reinforces the broader bullish outlook many analysts already have for Ethereum. With network fundamentals at all-time highs — from transaction activity to institutional adoption — ETH is seen as a cornerstone for the next stage of crypto growth.

The coming weeks will be crucial. If Ethereum can sustain momentum and push into new highs, the continued whale accumulation may serve as a catalyst for further price discovery, potentially positioning ETH above $5,000 and beyond.

ETH/BTC Shows Strength

Ethereum is showing significant strength against Bitcoin, with the ETH/BTC pair trading at 0.0402 after a sharp rally through the summer. The daily chart highlights a strong upward trend, breaking out of a year-long downtrend that had kept ETH under pressure relative to BTC. Since May, ETH has steadily climbed, moving from lows NEAR 0.021 to current levels, effectively doubling its relative value against Bitcoin.

The breakout above the 50-day, 100-day, and 200-day moving averages has further confirmed the bullish momentum. These moving averages, now sitting well below the current price, are acting as layers of support and suggest that ETH is firmly in an uptrend. The steep rise also indicates a structural shift in market sentiment, with capital rotation from BTC into ETH becoming increasingly evident.

Currently, ETH/BTC faces resistance just below 0.042, where sellers are testing the strength of the rally. A successful breakout above this level could open the door toward the 0.045–0.046 zone, which was last tested in mid-2023. On the downside, holding 0.038 as support will be critical to maintain the bullish structure.

Featured image from Dall-E, chart from TradingView