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    Home»DeFi»$11B Bitcoin Whale Sells $450M ETH Position, Acquires $108M in Spot Ether
    DeFi

    $11B Bitcoin Whale Sells $450M ETH Position, Acquires $108M in Spot Ether

    Ethan CarterBy Ethan CarterAugust 25, 2025No Comments3 Mins Read
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    A billionaire Bitcoin whale is liquidating his recent Ether long positions and acquiring hundreds of millions in spot Ether, indicating that major investors anticipate further gains from the second-largest cryptocurrency.

    Last week, a Bitcoin whale with assets exceeding $11 billion sold 22,769 Bitcoin (BTC) valued at $2.59 billion, reallocating the funds into 472,920 spot Ether (ETH) worth $2.2 billion, as well as a $577 million Ether perpetual long position on the decentralized platform Hyperliquid, according to Cointelegraph.

    On Monday, the whale exited $450 million of his perpetual long position at an average Ether price of $4,735, securing $33 million in profits, and then purchased an additional $108 million in spot Ether, as reported by blockchain intelligence platform Lookonchain.

    “He still maintains 40,212 $ETH ($184M) longs, with unrealized profits exceeding $11M,” Lookonchain noted in a Monday X post.

    0198e0c4 7184 7ec8 a5a8 391ba4511e5e
    Source: Lookonchain

    Traders often monitor significant whale actions to assess short-term market trends.

    0198e0c4 86ba 747f 8a6e 4a76b3471844
    ETH vs BTC, one-month chart. Source: Cointelegraph/TradingView

    Demand for Ether among whales has surged over the past month, as Ether’s price climbed nearly 25%, contrasting Bitcoin’s 5.3% drop over the same period, according to TradingView data.

    Related: Andrew Tate shorts Kanye West’s YZY, incurring $700K losses on Hyperliquid

    Analysts, including Willy Woo, attribute last week’s Bitcoin decline to these whale rotations, which brought Bitcoin down to $112,000.

    0198e0c4 8aec 700b 83d2 ceea52facef3
    Source: Willy Woo

    On Sunday, Bitcoin dropped nearly 2.2% from $114,666 at 7:31 pm UTC to $112,546 in just nine minutes, reaching a low of $112,174 at 8:16 pm UTC.

    Related: US retirement plans could drive Bitcoin rally to $200K despite downturn: Finance Redefined

    Ether may aim for $5.2K during Bitcoin’s stagnation, Bitget CEO suggests

    While Bitcoin may lack momentum in the coming weeks, this could allow capital to shift into Ether, suggesting potential new all-time highs, according to Gracy Chen, CEO of Bitget, the sixth-largest cryptocurrency exchange by daily trading volume.

    “Ethereum’s surge past $4,300 reflects strong ecosystem demand and the likely onset of an altcoin season,” Chen told Cointelegraph, adding:

    “Bitcoin is anticipated to trade within the $110,000–$120,000 bracket over the next week or two, while Ethereum appears stronger, with price targets between $4,600 and $5,200.”

    Chen labeled Federal Reserve Chair Jerome Powell’s “unexpectedly dovish remarks” as a “key catalyst” for enhancing risk appetite among crypto investors.

    “On-chain data indicates a rotation of capital, with whales selling Bitcoin to increase their Ethereum holdings, which is further propelling ETH’s momentum,” she stated.

    Chen’s remarks followed Powell’s speech at the annual central bank symposium in Jackson Hole on Friday, where he suggested that interest-rate reductions could resume in September.

    Magazine: Altcoin season 2025 is nearly here… but the rules have changed