Bitcoin OG Sells Another 4,000 BTC To Buy Ethereum As Capital Rotation Intensifies

After setting a new all-time high of $124,500, Bitcoin is now battling to hold the $115,000 level as ￰0￱ bulls, who dominated just days ago, are struggling to spark a fresh rally, leaving the market in a delicate ￰1￱ fundamentals such as institutional adoption and strong holder demand continue to support the broader uptrend, capital flows suggest a new dynamic is at ￰2￱ analysts note signs of capital rotation from Bitcoin into altcoins, a pattern that often marks transitions between phases of the market cycle. Ethereum, in particular, is emerging as a major destination for this ￰3￱ to the intrigue, on-chain intelligence firm Lookonchain has been tracking the movements of a long-dormant Bitcoin OG whale, who has reawakened with extraordinary ￰4￱ Friday, the whale deposited 300 BTC ($34.86 million) into Hyperliquid to sell for ￰5￱ bold strategy is paying off: he’s now sitting on over $100 million in unrealized ￰6￱ whale currently holds a 135,265 ETH ($581M) long position at a $4,295 average entry, up $58 million, and also accumulated 122,226 ETH ($535M) spot at a $4,377 average, up $42 ￰7￱ aggressive rotation underscores a pivotal moment—one where Bitcoin consolidates, but altcoins, led by Ethereum, may capture the ￰8￱ OG’s Bold Rotation Into Ethereum According to Lookonchain, the mysterious Bitcoin OG whale continues to dominate market headlines with aggressive on-chain ￰9￱ recently, he transferred another 4,000 BTC (~$460 million) into exchanges, where the funds were converted into ￰10￱ marks yet another large-scale repositioning that has captured the attention of analysts and investors ￰11￱ far, the whale has accumulated a staggering 179,448 ETH (~$806 million) at an average price of $4,490, alongside a 135,265 ETH ($581 million) long position that remains ￰12￱ bold allocations underscore a decisive rotation strategy away from Bitcoin and into Ethereum, suggesting a bet on ETH’s outperformance in the coming phase of the ￰13￱ implications are ￰14￱ one hand, such a massive capital shift highlights growing institutional-style conviction in Ethereum as it pushes through all-time highs and challenges Bitcoin’s ￰15￱ the other hand, it raises concerns about short-term ￰16￱ warn that despite the bullish outlook, a shakeout may occur before sustained gains ￰17￱ leverage in derivatives markets climbing and liquidity thinning in spot trading, sharp pullbacks could easily flush out overextended ￰18￱ Vs.

Ethereum: Weekly Chart Analysis The ETH/BTC weekly chart shows Ethereum gaining significant ground against Bitcoin after a long downtrend that lasted from mid-2022 to early ￰19￱ has now rallied to the 0.041 BTC level, posting strong bullish candles and reclaiming key moving ￰20￱ 50-week SMA (blue) has just been broken to the upside, and price is testing the 100-week SMA (green), an important resistance ￰21￱ ETH manages to sustain momentum above this level, the next key target lies near the 200-week SMA (red) around 0.055 ￰22￱ rotation is especially important because ETH has been underperforming Bitcoin for over two ￰23￱ recent surge signals a potential capital rotation from BTC into ETH, a trend reinforced by large institutional buys and whales shifting positions into ￰24￱ the downside, if ETH/BTC faces rejection at the current resistance, the pair could retest support around 0.035 BTC, which aligns with previous consolidation.

However, momentum indicators suggest strength is currently with ￰25￱ image from Dall-E, chart from TradingView