Bitcoin Whale Makes $3B Ethereum Pivot in Bold Market Move

A well-known Bitcoin (BTC) billionaire has taken an aggressive turn toward Ethereum (ETH), shifting billions of dollars from the world’s top coin into its closest ￰0￱ data from whale-tracking platform Lookonchain revealed a series of high-value ￰1￱ investor’s activity has stood out as a clear sign of confidence in Ethereum at a time when Bitcoin is showing signs of ￰2￱ Whale Ramps Up Ethereum Buying Spree After Brief Pause In just 12 hours, the billionaire reportedly sold 2,000 BTC, worth $221 million, and used the proceeds to purchase 49,850 ETH valued at $219 million on the spot ￰3￱ moves have brought his total Ethereum holdings to 691,358 ETH, worth about $3 ￰4￱ of this accumulation has taken place within only two ￰5￱ makes it one of the most significant capital reallocations from Bitcoin to Ethereum in recent ￰6￱ two days, the billionaire briefly paused his buying spree.

However, soon after, he returned to the market with even more aggressive ￰7￱ deposited 1,000 BTC, worth around $108 million, to Hyperliquid, a crypto exchange, and sold the ￰8￱ investor then immediately used the proceeds to purchase Ethereum on the spot ￰9￱ this period, he also closed a leveraged long position of 96,452 ETH, worth $433 million, securing a $2.6 million ￰10￱ of taking the profit out of the market, he reinvested it back into spot ETH, showing strong faith in the ￰11￱ Doubles Bet Big on Ethereum as Bitcoin Slides In the last 14 hours alone, the whale increased his pace even ￰12￱ sold 3,968 BTC valued at $437 million and bought 96,531 ETH worth $443 ￰13￱ continuous cycle of selling Bitcoin and buying Ethereum suggests a clear ￰14￱ shows the billionaire is not just diversifying but making a deliberate shift in preference toward ￰15￱ the whale is moving capital, Bitcoin itself has been under ￰16￱ the past week, the price of BTC has dropped by 5.96%, falling from $115,560 to $108,455, down by 0.70% in the last 24 hours, according to CoinMarketCap ￰17￱ Faces Doubts as Ethereum Gains Investor Momentum Bitcoin’s downward trajectory comes as the flagship crypto is facing criticism from doubters who never believed in its potential and ￰18￱ from its early days, many people and institutions have written Bitcoin off , declaring it “dead.” Also, financial experts had said the digital coin could remain ultra-volatile due to its limited ￰19￱ contrast, Ethereum, long seen as Bitcoin’s closest rival, is increasingly attracting interest from major ￰20￱ is because of its broad use in decentralized finance (DeFi), smart contracts, and token ecosystems.

ETH’s price has grown significantly in the last few weeks, with the coin registering multiple highs in a short period.