The whale shifts Bitcoin to Ethereum by selling large BTC holdings and buying spot ETH, moving roughly $3 billion into 691,358 ETH over two weeks, signaling a major Bitcoin to Ethereum shift and strong conviction in Ethereum’s near-term outlook.
Major BTC-to-ETH reallocation by a single whale within two weeks.
Sales included 6,0xx BTC converted to spot ETH and profitable leveraged position exits.
Data from Lookonchain and market figures from CoinMarketCap show BTC down ~6% while ETH purchases exceed $3 billion.
Bitcoin to Ethereum shift: whale sells BTC to buy ETH, moving billions into spot ETH — read detailed transaction data and market impact now.
What is the whale shifting Bitcoin to Ethereum doing?
The whale shifts Bitcoin to Ethereum by selling large BTC positions on spot venues and converting proceeds into spot ETH purchases, accumulating 691,358 ETH (~$3 billion) over two weeks, while also closing leveraged long positions and reallocating gains into more ETH.
How did the investor execute the Bitcoin to Ethereum shift?
According to whale-tracking data from Lookonchain, the investor sold blocks of BTC on spot markets and deposited BTC into platforms such as Hyperliquid to convert directly into ETH. Transactions in the past 24 hours included selling 2,000 BTC (~$221M) to buy 49,850 ETH and later selling another 3,968 BTC (~$437M) to acquire 96,531 ETH.
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The trader also closed a leveraged long of 96,452 ETH (~$433M), realizing a $2.6M profit, then immediately reinvested those proceeds into spot Ethereum. This pattern shows coordinated execution across spot and derivative venues to shift exposure from Bitcoin to Ethereum efficiently.
Large, concentrated reallocations can influence short-term price action and liquidity dynamics. The whale’s cumulative purchases of ~691,358 ETH over two weeks represent a significant capital flow into Ethereum that coincides with a roughly 6% decline in Bitcoin prices over the same period, per CoinMarketCap data.
Bitcoin price data from CoinMarketCap shows BTC down 5.96% from $115,560 to $108,572 over the past week. Current snapshot figures: BTC at $108,541.96 (24h +1.35%), market cap $2.16T, 24h volume $72.74B, FDV $2.27T, total supply 19.91M.
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Source: https://en.coinotag.com/prominent-bitcoin-billionaires-aggressive-ethereum-purchases-may-signal-major-capital-shift/