Bitcoin OG whale continues a BTC-to-ETH rotation, selling 4,000 BTC and buying 96,859 spot Ether over a 12-hour period, bringing its ETH holdings to roughly $3.8 billion; onchain trackers show the whale now holds significant stakes in both assets as part of a broader diversification trend.
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Key point 1 — 4,000 BTC sold for 96,859 spot ETH in one 12-hour spree
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Key point 2 — The whale’s total Bitcoin holdings were previously calculated at ~100,784 BTC (≈ $11.4B).
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Key point 3 — The whale now holds roughly $3.8B in Ether; Arkham and Lookonchain onchain data highlight broader whale ETH inflows.
Bitcoin OG whale buys Ether: BTC-to-ETH rotation with 96,859 ETH purchase; read the onchain breakdown and analyst context — full analysis and key takeaways.
What did the Bitcoin OG whale do over the weekend?
The Bitcoin OG whale sold 4,000 Bitcoin and purchased 96,859 spot Ether in a 12-hour buying spree, increasing its ETH holdings to about $3.8 billion. Onchain data from Lookonchain and Arkham show continued rotation from BTC to ETH among large addresses.
How much Bitcoin and Ether were involved in the rotation?
The whale sold 4,000 BTC (≈ $435 million) and acquired 96,859 spot ETH during the weekend splurge. Prior onchain tracking dated Aug. 25 estimated the address at ~100,784 BTC total (≈ $11.4 billion). An additional 1,000 BTC deposit to decentralized exchange Hyperliquid followed, suggesting potential further ETH activity.
During a 12-hour buying spree over the weekend, the “Bitcoin OG” whale gobbled up 96,859 spot Ether after selling 4,000 Bitcoin.
The “Bitcoin OG,” which began rotating its $11.4 billion fortune to Ether in August, continued ETH purchases over the weekend and now holds roughly $3.8 billion of Ether, according to onchain trackers.
Lookonchain first flagged the move: the whale sold 4,000 Bitcoin (≈ $435 million) and swapped into 96,859 spot Ether during a 12-hour spree.
The same whale later deposited 1,000 Bitcoin into decentralized exchange Hyperliquid, possibly signaling more ETH buys to come.
On Aug. 25, onchain analytics calculated the wallet’s total Bitcoin holdings at ~100,784 BTC, valued at about $11.4 billion at the time of that snapshot.
Source: Lookonchain
Why are whales diversifying into Ether now?
Analysts say the move reflects broader market maturation and regulatory clarity. After the GENIUS Act and recent pro-US regulatory developments, some large holders are reallocating to ETH for staking yield and smart-contract exposure.
What do analysts say about the rotation?
Henrik Andersson, CIO at Apollo Crypto, told Cointelegraph that historical rotations often flow from Bitcoin to Ether and then to altcoins. He pointed to recent ETF flows favoring Ethereum and a regulatory backdrop that strengthens confidence in ETH-centric products.
A pod of nine whale addresses bought a cumulative $456 million worth of Ether in late August. Source: Arkham
Ryan McMillin, CIO at Merkle Tree Capital, noted that long-standing Bitcoin holders are not abandoning BTC; instead, many view BTC as digital gold and ETH as a yield-bearing, utility-rich complement in a multi-protocol ecosystem.
McMillin added that while most OG whales maintain Bitcoin exposure, a subset is reallocating to make Ether a core holding rather than a speculative position.
How could this rotation affect the market?
If the ETH rotation gains momentum, capital may flow into other smart-contract ecosystems such as Solana, especially where consumer apps and DeFi traction exist. Historically, rotations can trigger altseason dynamics when Bitcoin remains robust and traders seek relative value.
Frequently Asked Questions
How much Ether did the Bitcoin OG whale accumulate?
The whale purchased 96,859 spot Ether in a 12-hour period after selling 4,000 BTC, bringing total Ether holdings to roughly $3.8 billion based on current onchain valuations.
Is this rotation a sign Bitcoin is being abandoned?
No. Analysts say the rotation signals diversification, not abandonment; many whales retain substantial Bitcoin while adding Ether for staking and smart-contract exposure.
Where does the onchain data come from?
Onchain analytics cited in this report include Lookonchain, Arkham, and CoinGecko price references; these are mentioned as plain text sources without external linking.
Key Takeaways
- Major rotation: The Bitcoin OG sold 4,000 BTC and bought 96,859 ETH in a single weekend.
- Whale holdings: Previously estimated at ~100,784 BTC (~$11.4B); ETH holdings now ~ $3.8B.
- Market context: Analysts link the move to regulatory clarity, ETF flows, and Ethereum momentum; diversification likely continues.
Conclusion
The Bitcoin OG whale’s weekend purchase underscores a growing BTC-to-ETH rotation among large holders as the market matures. Onchain data from Lookonchain and Arkham, and analyst commentary, point to diversification driven by staking yield and regulatory clarity. Monitor onchain flows and ETF data for further signals.
