Haciyev Reşit 
A major whale move is drawing attention in the crypto markets. A whale holding more than $5 billion worth of Bitcoin (BTC) has begun accelerating Ethereum (ETH) purchases.
Details
- The whale recently transferred $1.1 billion in BTC to a new wallet before starting ETH purchases through Hyperunit/HL.
- Last week, reports indicated that the same whale had already bought $2.5 billion worth of Ethereum. It now appears that these acquisitions are continuing without pause.
- This strengthens speculation that the whale is making a strategic shift from BTC to ETH.
Market Overview
Bitcoin’s price has fallen by 3.5% in the past 24 hours, dropping to $108,357. Earlier this month, the world’s largest cryptocurrency hit a new peak above $124,000, a rally fueled by expectations of interest rate cuts.
ING analyst Francesco Pesole emphasized a cautious stance:
“Markets are avoiding pricing in any dovish FOMC move beyond what the data currently suggests.”
Meaning
This whale’s move is seen as a strong signal of growing institutional and large-scale investor interest in Ethereum. The capital shift from BTC to ETH could influence overall market balance in the coming period.