Bitcoin Whale Rotation Signals Ethereum Strength While BTC Weakens

According to OnchainLens, an ancient Bitcoin whale has made a big move that caught the attention of traders and analysts.

During the last day, this wallet transferred 2,360 BTC, approximately worth $260.75 million, to HyperUnit.

The total transferred amounts to 3,360 btc-coins. Meanwhile, the same whale completed a significant buy of 49,850 ETH, totaling close to $216.99 million.

This Bitcoin whale movement from BTC to ETH occurs at a time when both assets are under pressure.

Most view it as an indicator that major investors anticipate eth to demonstrate more resilience in the short to mid-term, as BTC struggles with seasonal weakness.

BTC Price Under Pressure

The recent bitcoin news indicates a distinct price drop, as the asset decreased 2.7% over the last 24 hours to trade around $108,241. That was lower than the overall crypto market, which declined 2.36%.

Experts cite three primary causes of the decline: weak technical indicators, extended liquidations, and prudent trading ahead of major U.S. economic data.

On the charts, it fell below the $118,859 support level, which was triggered by automatic sell orders.

Source: CoinMarketCap

Currently, it is trading at $108,315, while trading volume has increased by 30%.

Indicators such as:

MACD histogram (-715) and RSI (37.76) validate a bearish trend.

Analysts note that if the bitcoin price remains below the 30-day average ($115,287), the asset may drop to around $105,000, a point reached in early August.

Derivatives: Derivatives added to pressure. Open interest went up 11.7% to $1.03 trillion, yet funding rates became negative.

Liquidations: Over $157 million in long positions were liquidated, triggering a cascade of selling.

Inflation Reports: Traders had remained on edge ahead of the U.S. PCE inflation report , which was released on Friday.

The coin is now trading at

Ethereum Faces Outflows but Gains Whales Support

On the other side, the latest ethereum news shows that the ethereum price fell 2.04% to $4,375, marking nearly an 8% weekly loss. The decline was driven by ETF outflows and heavy liquidations.

On August 18, ETH ETFs saw $196.6 million in outflows, the biggest since July, ending a 16-day streak of inflows.

Technically,

• It broke below its 100-day moving average at $4,400.

• Its Fibonacci support at $4,577.

• Analysts now see the next support level at $4,155.

• If prices close below $4,300, another drop toward $3,967 is possible.

Still, the eth purchase by Bitcoin whale shows strong belief in it’s long-term value.

It is now trading at $4394, while the trading volume surged by 26% within 24 hours.

Source: Coinmarketcap
Mid-size holders with 10–100 ETH have also added 4.4 million since July. This suggests that although some whales are selling, many institutions are quietly building positions.

Market Impact of Bitcoin Whale Rotation

This Bitcoin whale transfer appears to be a typical portfolio rebalancing. By transferring BTC and purchasing ETH, the whale is betting on Ethereum performing better in the future.

This makes BTC more liquid and harder to sell, and demand for the altcoin increases.

Social media mirrors this adjustment too. Ethereum conversations are on the rise, fueled by ETF news and Layer-2 expansion, while sentiment towards this crypto appears more conservative.

If this persists, the altcoin might experience stronger inflows, while BTC dominance within the crypto space might decline further.

Conclusion

The latest action by a leading Bitcoin whale reflects a change in market faith. BTC is under weak charts, liquidations, and defensive trading ahead of U.S. data, while ETH is witnessing new bets despite ETF redemptions.

The coming weeks will decide whether this rotation ignites broader institutional shifts.

Disclaimer: The article provided here is only informational in nature and is not financial advice. Investors need to study meticulously before making decisions.