- Bitcoin whale sold 670.1 BTC worth $76M and shifted funds into Ethereum longs.
- Ethereum reached $4,303 with a 2.16% daily gain, outperforming Bitcoin’s 0.25% decline.
- The whale’s ETH positions totaled 68,130 coins across four wallets, valued at $295M.
A Bitcoin wallet holding thousands of coins carried out a major move within the past day, shifting assets between two leading cryptocurrencies. The transactions included both a significant BTC sale and the opening of multiple ETH long positions.
670.1 BTC Deposited and Sold as 68,130 ETH Longs Established
According to a Lookonchain post on X, the recorded ata shows that 670.1 BTC, valued at $76 million, was transferred to Hyperliquid in the past 20 hours. The BTC originated from a wallet containing 14,837 BTC, estimated at $1.69 billion. Once deposited, the BTC was sold, reducing the wallet’s overall holdings and reallocating value into another position.
Following the Bitcoin sale, the same whale opened Ethereum long positions across four wallets. The combined exposure reached 68,130 ETH, worth approximately $295 million at the time of execution. The activity involved multiple accounts, but all trades were linked to the same entity based on transaction flows. The series of actions showed a direct move from Bitcoin into Ethereum positions within a short timeframe. The entity shifted funds by liquidating Bitcoin holdings and entering substantial ETH longs across connected wallets.
Bitcoin/Ethereum Price Action Revealed
As of press, both assets have recorded varied movement on their market trend. According to CoinMarketCap data, a comparative chart reveals that both assets have been trading closely. On the Bitcoin side, the available data reveals that the asset opened its market with a price value of $114,384 during the Asian trading session. On the other hand, Ethereum opened its market value at a price of $4357 before sitting in the current price levels.
Source: CoinMarketCapCompared to the opening price levels, both asset have recorded a slight dip as the current exchanging prices shows a decline in the values. A deeper analysis in the comparative chart indicates that,Ethereum traded at $4,303.18, recording a daily gain of 2.16%. The chart shows ETH moving upward through most of the observed period. After early fluctuations, Ethereum established stronger momentum compared with Bitcoin. Around afternoon East African Time, ETH reached $4,303.19, marking a 1.80% increase.
In contrast, Bitcoin stood at $113,501.66 , reflecting a 0.25% decline. Trading volume for the 24-hour window totaled $44.62 billion, with Ethereum maintaining higher relative growth. Market capitalization for ETH reached $519.42 billion, supported by a circulating supply of 120.7 million coins. Overall, the data shows ETH outperforming BTC during the session, maintaining gains while Bitcoin declined slightly within the same timeframe.
