Bitcoin Whales Dey Swap BTC for ETH As Ethereum Dey Soar Toward $5.5K
Bitcoin whales dey swap BTC for ETH afta Ethereum price hit new all-time high pass $4,800. Data from Arkham through Lookonchain show say one dormant whale move 6,000 BTC (≈$689 M) to collect 278,490 ETH at average price $4,585, still get 135,265 ETH (≈$581 M) hold.
Trader BitBull talk say if weekly close pass $4,600, e go confirm say no be bull trap and e go set stage for Ethereum price to rally go $5,200–$5,500 next week. Whale buying dey very active despite ETH rise 300% in four months, according to on-chain analytics.
For futures market, CME Ether futures don fill weekly gap, e dey provide technical support for the ongoing ETH rally. Bitcoin price dey near $114,000 before Friday weekly close, with CME futures gap wey offer new short-term upside target.
Overall, continued whale accumulation and gap fills dey show bullish momentum for ETH, with potential ripple effect on BTC and broader crypto markets as traders dey eye more gains.
Bullish
Wetin dey happen be say wen Ethereum price reach im highest before, na im time whale dem go dey gather more crypto. Dis kain move dey tell say demand strong and better times dey come. Ehn, 6,000 BTC wey dem move go ETH, plus how buyers dey chop on-chain aggressive even after price don jump 300%, and how CME futures gap don fill all these na signs say price go still dey climb. Traders dem talk say price fit reach $5,200 to $5,500 soon, wey show say short-term e go dey okay. Plus, as whale dem still dey interested, e mean say rally fit strong pass. For history, when whale dem buy plenti one side before, na so price usually dey jump (like early 2021), so dis trend fit make ETH plus BTC market rise more in the next weeks and months.