Bitcoin and Ethereum Whale Activity Rises: Major Funds Shift Toward ETH

Large-scale transaction activity carried out by “whales” in two leading crypto assets, Bitcoin and Ethereum, has picked up once again. The latest on-chain data recorded significant dynamics in capital rotation strategies and asset accumulation, even as prices experienced temporary corrections. Both institutional investors and high-net-worth individuals now appear to be making aggressive purchases, particularly in Ethereum.

Bitcoin Whales Move Billions of Dollars Into Ethereum
One of the most notable moves occurred when a Bitcoin whale transferred approximately USD 4 billion into Ethereum. Over the past two days, the wallet sold about 6,000 BTC and acquired 886,317 ETH, marking one of the largest fund rotations between the two cryptocurrencies in recent months.

Ethereum Reserves on Centralized Exchanges Drop: A Bullish Signal?
On-chain data also showed a significant decline in Ethereum reserves across several centralized exchanges (CEX). This trend typically indicates that whales are accumulating ETH and withdrawing it from market liquidity, potentially creating upward price pressure in both the short and medium term.

Capital Shifts From Bitcoin to Ethereum
Throughout August 2025, a substantial capital shift was observed across the crypto market. Roughly USD 240 million moved from BTC into ETH, followed by swap transactions worth USD 2.5 billion from Bitcoin to Ethereum. One whale even accumulated 260,000 ETH within just 24 hours. This behavior reflects a growing preference for Ethereum, viewed as more competitive due to its staking yield potential, ongoing network upgrades, and increasingly favorable regulatory support for its ecosystem.

Long-Term Perspective: Ethereum as More Than a Store of Value
The latest trend suggests that major investors are now shifting strategies from Bitcoin to Ethereum, both through large-scale transactions and off-exchange accumulation. The drop in ETH reserves on exchanges, combined with rising inflows into the network, signals potential supply tightening — a condition markets often respond to with price appreciation. This move also reinforces a long-term view of Ethereum as an asset with real utility, extending beyond the traditional store-of-value function long associated with Bitcoin.