Bitcoin Whale Trades $2.7 Billion for Ethereum Purchase

A Bitcoin whale previously holding $5 billion has executed a massive BTC-to-ETH rotation in late August 2025, impacting cryptocurrency markets and leading to significant price volatility.

This sudden move has caused Bitcoin’s price to drop sharply while Ethereum saw increased inflows, highlighting potential shifts in market dynamics and future investment strategies.

The BTC to ETH exchange resulted in substantial price fluctuations and sparked volatile trading conditions across the cryptocurrency landscape.

Whale’s $2.7 Billion Conversion and Wallet Details

A Bitcoin whale with around $5 billion in holdings has executed a significant move by converting $2.7 billion of BTC into ETH. The wallet is labeled “old” and is one of the largest, non-exchange BTC addresses. Arkham Intelligence reported the transaction, using on-chain analytics to note the whale’s coordinated swaps.

“A whale holding over $5B of BTC is currently buying $ETH. He just moved $1.1 BILLION of BTC to a new wallet and has started purchasing ETH through Hyperunit/HL.” — Arkham Intelligence

$900 Million Liquidations Follow Bitcoin Price Drop

The actions of the whale led to a sharp BTC price drop and extensive market volatility. Bitcoin fell to $109,000, prompting approximately $900 million in liquidations.

Ethereum’s rise saw a 9% price increase; staking exit queues hit record highs.

Historical Whale Conversions and Future ETH Prospects

Historically, such whale rotations have preceded significant ETH surges and temporary BTC weaknesses. Past events, like the 2021-2022 cycles, support this pattern. Future trends suggest potential further ETH strength, particularly if validator sell queues maintain minimal pressure.

Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.