NewsBTC

1 September 2025

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Bitcoin Whale Rotates $3.7 Billion into ETH with $5 Billion Selloff Possible

A significant Bitcoin trader has converted billions of dollars in BTC to ETH over the past two weeks, primarily using Hyperliquid for these transactions. Key developments include:

• In a recent 46-hour period, the trader sold 7,000 BTC (≈$759 million) and purchased 171,791.84 ETH (≈$773 million).
• Over the last 11 days, the total amounts involved are 34,110 BTC sold (≈$3.7 billion) and 813,298.84 ETH bought (≈$3.66 billion).
• About 3,000 BTC remain in the active address, while older wallets hold 46,816 BTC (≈$5.07 billion).
• The whale's identity is unknown, with speculation that they are likely linked to Asian platforms based on historical acquisition patterns.
• The trader has staked a substantial portion of the acquired ETH, totaling 165,010 ETH deposited into Ethereum’s staking contract.
• Reports indicate that an additional $5 billion in BTC remains potentially available for conversion.

Current BTC price stands at $109,621.