Bitcoin whale sold $136M in BTC after a prior $4B BTC→ETH swap, signaling profit-taking and rotation; the move pressures BTC near the $117K resistance while ETH and Solana show renewed buyer interest, making key $113K–$117K levels critical for short-term market direction.
Whale sold 1,176 BTC (~$136M) onto an exchange, following a $4B BTC-for-ETH swap earlier.
Old wallets restarted activity, with multiple long-dormant addresses moving hundreds of BTC.
Analysts highlight Bitcoin resistance at $117,100 and support near $113,500; ETH consolidation and Solana breakout draw capital flows.
Bitcoin whale sold $136M: Immediate analysis of the BTC sale, on-chain wallet moves, and implications for ETH and Solana — read market levels and expert notes.
A Bitcoin whale sold $136M after a $4B BTC-for-ETH swap, testing the market as BTC approaches $117K resistance while ETH consolidation and Solana momentum attract investor focus.
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- A long-term Bitcoin whale moved 1,176 BTC (~$136M) onto Hyperliquid, marking renewed selling after a massive BTC→ETH swap.
- Several dormant wallets from 2012–2013 reactivated, shifting 445–480 BTC each and indicating veteran repositioning.
- Traders watch $117,100 resistance and $113,500 support for Bitcoin; Ether and Solana show signs of fresh inflows.
What happened when a Bitcoin whale sold $136M after a $4B BTC→ETH swap?
Bitcoin whale sold $136M when two wallets tied to an eight‑year‑old address deposited 1,176 BTC to an exchange, following a prior $4 billion BTC-for-ETH conversion. The sale increased sell-side liquidity and coincided with Bitcoin testing resistance near $117,000, prompting traders to reassess short-term risk.
How did on-chain activity and dormant wallet movements influence the market?
Blockchain trackers reported that wallets inactive for over a decade moved meaningful balances, including a 445‑BTC and a 480‑BTC transfer. These actions often reflect strategic repositioning by long-term holders and can precede volatility. Lookonchain and on-chain analytics observed the timing aligned with price tests above $116,000.
How important is the $117K resistance and $113K support?
Resistance near $117,100 and support around $113,500 are the immediate technical boundaries traders cited. Edul Patel, CEO of Mudrex, noted Bitcoin is holding above $115,400 but emphasized the significance of those levels for trend confirmation. A sustained break above $117K could invite renewed momentum; a drop below $113.5K may intensify selling pressure.
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The ETH/BTC ratio currently sits at about 0.0401, far below the 2017 peak of 0.14. That weak ratio means a return swap into ETH would cost the whale hundreds of BTC in realized losses (roughly 460 BTC at present ratios). Analysts track this ratio to assess capital rotation between major assets.
Assess exchange inflows, liquidity depth, and institutional demand signals. Maintain risk parameters: set stop levels near technical support ($113K) and scale exposure if price confirms a breakout above $117K. Expect rotation into ETH and Solana while monitoring ETF and institutional flows.
Upcoming central bank decisions and Treasury yield movements are key. A Fed rate cut or weaker yields can boost risk assets, while elevated Treasury yields may limit bullish momentum for crypto. Traders should watch macro releases around the reported dates.
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