Whales Rotate $456M to Ether from Bitcoin in Natural Shift
Crypto whales have acquired $456 million worth of Ether, signaling a natural rotation from Bitcoin to altcoins with higher upside potential. Data from Arkham shows nine major whale addresses accumulating ETH as investors lock profits from Bitcoin’s recent gains. Nansen analyst Nicolai Sondergaard noted that Ether benefits from strong mindshare and momentum driven by Ether treasury companies. Meanwhile, crypto analyst Willy Woo observed daily ETH inflows approaching those of Bitcoin, spurred by corporate programs like BitMine’s ETH accumulation.
This shift follows a recent transaction where an $11 billion Bitcoin whale converted $2.59 billion in BTC into $2.2 billion spot Ether and $577 million in ETH perpetual positions on Hyperliquid. Nansen’s “smart money” traders also rotated into altcoins, buying Chainlink (LINK), Ethena (ENA), and Lido DAO (LDO). The growing demand for Ether suggests a bullish outlook for ETH, potentially foreshadowing an altcoin season in 2025.
Bullish
Large-scale Ether purchases by whales mark a significant capital shift from Bitcoin, reflecting growing bullish sentiment toward ETH. Historically, similar rotations in 2021 preceded substantial altcoin rallies and extended Ethereum price runs. Short-term, increased whale demand may drive ETH price spikes and higher trading volumes, while boosting confidence in altcoins. Longer-term, sustained accumulation by smart money and institutions suggests a maturing market dynamic where Ether and select altcoins capture more investor mindshare, potentially fueling broader altcoin season momentum. Overall, this rotation indicates robust market health and a favourable outlook for Ether and associated tokens.