{"content":"🧠 Smartest Money Moves to #ETH : $2.6B BTC Dumped by OG Whale! A week of volatility and selling pressure has put Bitcoin into a key consolidation period. After reaching a new all-time high of $124,500 ten days ago, BTC has retraced by over 10% and is currently trying to maintain $115K. Market attitude has changed as traders consider whether this retrace is a good cooling or the start of a longer downturn. Price activity below $115K implies bulls are losing short-term momentum, increasing the danger of more fall Lookonchain data shows a Bitcoin OG's sudden reemergence after years of hibernation, adding pressure. Seven years after receiving 100,784 BTC, this whale is selling substantial amounts of his Bitcoin holdings. Lookonchain reports that this Bitcoin OG has made some of his most aggressive onchain trades in the previous five days. To sell, the whale deposited 22,769 BTC worth $2.59 billion in Hyperliquid. The whale quickly switched to Ethereum, buying 472,920 ETH on spot markets for $2.22 billion and opening a gigantic 135,265 ETH long for $577 million. The whale's follow-up approach enhances the motion. Hours thereafter, Lookonchain stated that this OG closed his ETH longs and bought spots. He closed 95,053 ETH longs totaling $450 million at $4,735, earning nearly $33 million. He then bought 23,575 ETH in spot markets for $108 million. After the change, the whale still has 40,212 ETH longs for $184 million and $11 million in unrealized profit. This series of transactions shows a capital rotation from Bitcoin to Ethereum, supporting the market narrative of ETH supremacy. It also explains why Bitcoin has stuck below resistance levels while Ethereum is rising. Bitcoin is trading at $111,266, weakening after failing to sustain momentum over $115K. BTC has fallen sharply from the $123,217 ATH and is challenging vital support. Price is hovering above the 200-day moving average (red line at ~$111,487), a historically high demand zone. A breach below this level might increase selling pressure and push BTC into $108K–$110K. #BTCWhalesMoveToETH $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/26/68d8f219b7114849827faea6e0766f73.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}