A well-known Bitcoin (BTC) billionaire has taken an aggressive turn toward Ethereum (ETH), shifting billions of dollars from the world’s top coin into its closest rival. Fresh data from whale-tracking platform Lookonchain revealed a series of high-value trades. The investor’s activity has stood out as a clear sign of confidence in Ethereum at a time when Bitcoin is showing signs of weakness. Bitcoin Whale Ramps Up Ethereum Buying Spree After Brief Pause In just 12 hours, the billionaire reportedly sold 2,000 BTC, worth $221 million, and used the proceeds to purchase 49,850 ETH valued at $219 million on the spot market. These moves have brought his total Ethereum holdings to 691,358 ETH, worth about $3 billion. All of this accumulation has taken place within only two weeks. This makes it one of the most significant capital reallocations from Bitcoin to Ethereum in recent memory. For two days, the billionaire briefly paused his buying spree. However, soon after, he returned to the market with even more aggressive trades. He deposited 1,000 BTC, worth around $108 million, to Hyperliquid, a crypto exchange, and sold the coins. The investor then immediately used the proceeds to purchase Ethereum on the spot market. During this period, he also closed a leveraged long position of 96,452 ETH, worth $433 million, securing a $2.6 million profit. Instead of taking the profit out of the market, he reinvested it back into spot ETH, showing strong faith in the asset. Whale Doubles Bet Big on Ethereum as Bitcoin Slides In the last 14 hours alone, the whale increased his pace even further. He sold 3,968 BTC valued at $437 million and bought 96,531 ETH worth $443 million. This continuous cycle of selling Bitcoin and buying Ethereum suggests a clear strategy. It shows the billionaire is not just diversifying but making a deliberate shift in preference toward Ethereum. While the whale is moving capital, Bitcoin itself has been under pressure. Over the past week, the price of BTC has dropped by 5.96%, falling from $115,560 to $108,455, down by 0.70% in the last 24 hours, according to CoinMarketCap data. Bitcoin Faces Doubts as Ethereum Gains Investor Momentum Bitcoin’s downward trajectory comes as the flagship crypto is facing criticism from doubters who never believed in its potential and success. Right from its early days, many people and institutions have written Bitcoin off , declaring it “dead.” Also, financial experts had said the digital coin could remain ultra-volatile due to its limited tradability. In contrast, Ethereum, long seen as Bitcoin’s closest rival, is increasingly attracting interest from major investors . This is because of its broad use in decentralized finance (DeFi), smart contracts, and token ecosystems. ETH’s price has grown significantly in the last few weeks, with the coin registering multiple highs in a short period. The post Bitcoin Whale Makes $3B Ethereum Pivot in Bold Market Move appeared first on TheCoinrise.com .
