Can Bitcoin Hold $108k as Whales and ETFs Rotate Capital to ETH?
- A single $5B whale has sold $1.1B in Bitcoin to rotate into Ethereum, according to on-chain data
- U.S. spot Bitcoin ETFs have seen $751M in net outflows in August, while Ethereum ETFs see inflows
- Bitcoin is now defending the critical $108.3k support level amid this major capital rotation
The smart money is sending a clear signal that it’s rotating out of Bitcoin and into Ethereum. While some smaller whales are still stacking sats, at least one multi-billion-dollar whale is actively dumping BTC for ETH, and the big institutional ETF flows are doing the exact same thing. With Bitcoin’s price now testing critical support, this rotation is the only story that matters right now.
A $5 Billion Whale is Dumping Bitcoin for Ethereum
The biggest tell is coming from one massive whale. Arkham Intelligence confirms a wallet holding over $5 billion has dumped $1.1 billion in BTC and swapped it straight into Ethereum on Hyperliquid in just the last 24 hours.
This isn’t a one-off trade. On-chain trackers at Lookonchain have caught the same player making big BTC sales and ETH buys all week. When an old, influential whale starts selling this aggressively, it puts seriou…
The post Can Bitcoin Hold $108k as Whales and ETFs Rotate Capital to ETH? appeared first on Coin Edition.
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Can Bitcoin Hold $108k as Whales and ETFs Rotate Capital to ETH?
- A single $5B whale has sold $1.1B in Bitcoin to rotate into Ethereum, according to on-chain data
- U.S. spot Bitcoin ETFs have seen $751M in net outflows in August, while Ethereum ETFs see inflows
- Bitcoin is now defending the critical $108.3k support level amid this major capital rotation
The smart money is sending a clear signal that it’s rotating out of Bitcoin and into Ethereum. While some smaller whales are still stacking sats, at least one multi-billion-dollar whale is actively dumping BTC for ETH, and the big institutional ETF flows are doing the exact same thing. With Bitcoin’s price now testing critical support, this rotation is the only story that matters right now.
A $5 Billion Whale is Dumping Bitcoin for Ethereum
The biggest tell is coming from one massive whale. Arkham Intelligence confirms a wallet holding over $5 billion has dumped $1.1 billion in BTC and swapped it straight into Ethereum on Hyperliquid in just the last 24 hours.
This isn’t a one-off trade. On-chain trackers at Lookonchain have caught the same player making big BTC sales and ETH buys all week. When an old, influential whale starts selling this aggressively, it puts seriou…
The post Can Bitcoin Hold $108k as Whales and ETFs Rotate Capital to ETH? appeared first on Coin Edition.
Read More