The post Bitcoin OG With Over $5B Accelerates BTC Sales For Ethereum appeared on BitcoinEthereumNews.com. A Bitcoin OG holder has accelerated capital rotation from BTC to Ethereum (ETH). After selling Bitcoin’s worth over $3 billion in the past few days to buy Ether, on-chain data analysis shows the whale investor has expedited the process with another ETH purchase on Sunday, August 31, 2025. Bitcoin OG Buys More Ethereum According to on-chain data analysis from Lookonchain, the Bitcoin OG, with Bitcoins valued at over $5 billion, sold 4,000 BTCs on Sunday to buy 96,859 Ether, worth more than $433 million. Earlier on Sunday, the BTC whale deposited 3,000 Bitcoins to an exchange, which facilitated the Ether purchase. On Saturday, the same Bitcoin whale sold 1000 BTCs, valued at over $109 million, and purchased more Ethereum coins through the Hyperliquid platform. As a result, the Bitcoin whale now holds more than 800k ETH coins, valued at around $4 billion, with the majority already staked to earn more rewards.  Institutional Investors Eyes Ether as Bitcoin Demand Wanes The demand for Ethereum by institutional investors has significantly increased in the recent past, as shown by the notable decline in Ether’s crypto exchanges reserves. On-chain data analysis shows institutional demand for Bitcoin has significantly declined in the past few weeks, with most rotating profits to the Ethereum market. Source: CryptoQuant For instance, BlackRock’s ETHA purchased Ether valued at around $968.2 million during the past week. BlackRock’s ETHA has led the wider U.S. spot Ethereum ETF issuers in purchasing More ETH in August. According to market aggregate data from SoSoValue, the U.S. spot ETH ETFs have recorded a net cash inflow of about $3.87 billion in August. As a result, the U.S. spot ETH ETFs have now recorded a cumulative cash inflow of over $11 billion since April to the end of August 2025. Meanwhile, market data analysis from Coingecko shows… The post Bitcoin OG With Over $5B Accelerates BTC Sales For Ethereum appeared on BitcoinEthereumNews.com. A Bitcoin OG holder has accelerated capital rotation from BTC to Ethereum (ETH). After selling Bitcoin’s worth over $3 billion in the past few days to buy Ether, on-chain data analysis shows the whale investor has expedited the process with another ETH purchase on Sunday, August 31, 2025. Bitcoin OG Buys More Ethereum According to on-chain data analysis from Lookonchain, the Bitcoin OG, with Bitcoins valued at over $5 billion, sold 4,000 BTCs on Sunday to buy 96,859 Ether, worth more than $433 million. Earlier on Sunday, the BTC whale deposited 3,000 Bitcoins to an exchange, which facilitated the Ether purchase. On Saturday, the same Bitcoin whale sold 1000 BTCs, valued at over $109 million, and purchased more Ethereum coins through the Hyperliquid platform. As a result, the Bitcoin whale now holds more than 800k ETH coins, valued at around $4 billion, with the majority already staked to earn more rewards.  Institutional Investors Eyes Ether as Bitcoin Demand Wanes The demand for Ethereum by institutional investors has significantly increased in the recent past, as shown by the notable decline in Ether’s crypto exchanges reserves. On-chain data analysis shows institutional demand for Bitcoin has significantly declined in the past few weeks, with most rotating profits to the Ethereum market. Source: CryptoQuant For instance, BlackRock’s ETHA purchased Ether valued at around $968.2 million during the past week. BlackRock’s ETHA has led the wider U.S. spot Ethereum ETF issuers in purchasing More ETH in August. According to market aggregate data from SoSoValue, the U.S. spot ETH ETFs have recorded a net cash inflow of about $3.87 billion in August. As a result, the U.S. spot ETH ETFs have now recorded a cumulative cash inflow of over $11 billion since April to the end of August 2025. Meanwhile, market data analysis from Coingecko shows…

Bitcoin OG With Over $5B Accelerates BTC Sales For Ethereum

4 min read

A Bitcoin OG holder has accelerated capital rotation from BTC to Ethereum (ETH). After selling Bitcoin’s worth over $3 billion in the past few days to buy Ether, on-chain data analysis shows the whale investor has expedited the process with another ETH purchase on Sunday, August 31, 2025.

Bitcoin OG Buys More Ethereum

According to on-chain data analysis from Lookonchain, the Bitcoin OG, with Bitcoins valued at over $5 billion, sold 4,000 BTCs on Sunday to buy 96,859 Ether, worth more than $433 million. Earlier on Sunday, the BTC whale deposited 3,000 Bitcoins to an exchange, which facilitated the Ether purchase.

On Saturday, the same Bitcoin whale sold 1000 BTCs, valued at over $109 million, and purchased more Ethereum coins through the Hyperliquid platform. As a result, the Bitcoin whale now holds more than 800k ETH coins, valued at around $4 billion, with the majority already staked to earn more rewards. 

Institutional Investors Eyes Ether as Bitcoin Demand Wanes

The demand for Ethereum by institutional investors has significantly increased in the recent past, as shown by the notable decline in Ether’s crypto exchanges reserves. On-chain data analysis shows institutional demand for Bitcoin has significantly declined in the past few weeks, with most rotating profits to the Ethereum market.

Source: CryptoQuant

For instance, BlackRock’s ETHA purchased Ether valued at around $968.2 million during the past week. BlackRock’s ETHA has led the wider U.S. spot Ethereum ETF issuers in purchasing More ETH in August.

According to market aggregate data from SoSoValue, the U.S. spot ETH ETFs have recorded a net cash inflow of about $3.87 billion in August. As a result, the U.S. spot ETH ETFs have now recorded a cumulative cash inflow of over $11 billion since April to the end of August 2025.

Meanwhile, market data analysis from Coingecko shows 11 publicly traded companies, mostly from the United States, have accumulated 3,041,192 ETH for their treasury management. BitMine and SharpLink have led the cohorts with a total Ethereum holding of 1,713,899 and 797,704 respectively.

On the other hand, institutional investors accumulating BTC for their treasury management, led by Michael Saylor’s Strategy, have significantly reduced the purchase intensity in the past few weeks. Additionally, U.S. spot BTC ETFs are about to end August with a total net cash outflow of about $751 million, thus ending their four consecutive months of cash inflows.

ETH Price Rebounds 

According to our crypto oracles, the ETH price has rebounded 3% from an intraday low of about $4,340 to reach a range high of about $4,491. Although the large-cap altcoin, with a fully diluted valuation of about $541.5 billion, has dropped around 7% during the past week, it has rallied over 24% in August. 

Source: TradingView

In the monthly timeframe, the ETH/USD pair is about to record the highest close since December 2021. Moreover, the ETH price recently reached an all-time high of about $4,946 on August 24, 2025, fueled by the heightened capital rotation from Bitcoin. According to market analyst alias Crypto Patel, ETH price will rally towards $10k once it clears the $5k resistance level.

Source: Crypto Patel

 

 

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Source: https://coingape.com/bitcoin-og-sells-over-400m-btc-and-buys-ethereum-as-analyst-predicts-10k-eth-price-ahead/

Market Opportunity
Bitcoin Logo
Bitcoin Price(BTC)
$72,488.96
$72,488.96$72,488.96
-2.20%
USD
Bitcoin (BTC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Trading time: Tonight, the US GDP and the upcoming non-farm data will become the market focus. Institutions are bullish on BTC to $120,000 in the second quarter.

Trading time: Tonight, the US GDP and the upcoming non-farm data will become the market focus. Institutions are bullish on BTC to $120,000 in the second quarter.

Daily market key data review and trend analysis, produced by PANews.
Share
PANews2025/04/30 13:50
Ethereum Fusaka Upgrade Set for December 3 Mainnet Launch, Blob Capacity to Double

Ethereum Fusaka Upgrade Set for December 3 Mainnet Launch, Blob Capacity to Double

Ethereum developers confirmed the Fusaka upgrade will activate on mainnet on December 3, 2025, following a systematic testnet rollout beginning on October 1 on Holesky. The major hard fork will implement around 11-12 Ethereum Improvement Proposals targeting scalability, node efficiency, and data availability improvements without adding new user-facing features. According to Christine Kim, the upgrade introduces a phased blob capacity expansion through Blob Parameter Only forks occurring two weeks after Fusaka activation. Initially maintaining current blob limits of 6/9 target/max, the first BPO fork will increase capacity to 10/15 blobs one week later. A second BPO fork will further expand limits to 14/21 blobs, more than doubling total capacity within two weeks. Strategic Infrastructure Overhaul Fusaka prioritizes backend protocol improvements over user-facing features, focusing on making Ethereum faster and less resource-intensive. The upgrade includes PeerDAS implementation through EIP-7594, allowing validator nodes to verify data by sampling small pieces rather than downloading entire blobs. This reduces bandwidth and storage requirements while enhancing Layer 2 rollup scalability. The upgrade builds on recent gas limit increases from 30 million to 45 million gas, with ongoing discussions for further expansion. EIP-7935 proposes increasing limits to 150 million gas, potentially enabling significantly higher transaction throughput. These improvements complement broader scalability efforts, including EIP-9698, which suggests a 100x gas limit increase over two years to reach 2,000 transactions per second. Fusaka removes the previously planned EVM Object Format redesign to reduce complexity while maintaining focus on essential infrastructure improvements. The upgrade introduces bounded base fees for blob transactions via EIP-7918, creating more predictable transaction costs for data-heavy applications. Enhanced spam resistance and security improvements strengthen network resilience against scalability bottlenecks and attacks. Technical Implementation and Testing Timeline The Fusaka rollout follows a conservative four-phase approach across Ethereum testnets before mainnet deployment. Holesky upgrade occurs October 1, followed by Sepolia on October 14 and Hoodi on October 28. Each testnet will undergo the complete BPO fork sequence to validate the blob capacity expansion mechanism. BPO forks activate automatically based on predetermined epochs rather than requiring separate hard fork processes. On mainnet, the first BPO fork launches December 17, increasing blob capacity to 10/15 target/max. The second BPO fork activates January 7, 2026, reaching the final capacity of 14/21 blobs. This automated approach enables flexible blob scaling without requiring full network upgrades. Notably, node operators face release deadlines ranging from September 25 for Holesky to November 3 for mainnet preparation. The staggered timeline, according to the developers, allows comprehensive testing while giving infrastructure providers sufficient preparation time. Speculatively, the developers use this backward-compatible approach to ensure smooth transitions with minimal disruption to existing applications. PeerDAS implementation reduces node resource demands, potentially increasing network decentralization by lowering barriers for smaller operators. The technology enables more efficient data availability sampling, crucial for supporting growing Layer 2 rollup adoption. Overall, these improvements, combined with increased gas limits, will enable Ethereum to handle higher transaction volumes while maintaining security guarantees. Addressing Network Scalability Pressures The Fusaka upgrade addresses mounting pressure for Ethereum base layer improvements amid criticism of Layer 2 fragmentation strategies. Critics argue that reliance on rollups has created isolated chains with limited interoperability, complicating user experiences. The upgrade’s focus on infrastructure improvements aims to enhance base layer capacity while supporting continued Layer 2 growth. The recent validator queue controversy particularly highlights ongoing network scalability challenges. According to a Cryptonews report covered yesterday, currently, over 2M ETH sits in exit queues facing 43-day delays, while entry queues process in just 7 days.Ethereum Validator Queue (Source: ValidatorQueue) However, Vitalik Buterin defended these delays as essential for network security, comparing validator commitments to military service requiring “friction in quitting.” The upgrade coincides with growing institutional interest in Ethereum infrastructure, with VanEck predicting that Layer 2 networks could reach $1 trillion market capitalization within six years. Fusaka’s emphasis on data availability and node efficiency supports Ethereum’s evolution toward seamless cross-chain interoperability. The upgrade complements initiatives like the Open Intents Framework, where Coinbase Payments recently joined as a core contributor. The initiative, if successful, will address the $21B surge in cross-chain crime. These coordinated efforts aim to unify the fragmented multichain experience while maintaining Ethereum’s security and decentralization principles
Share
CryptoNews2025/09/19 16:37
VectorUSA Achieves Fortinet’s Engage Preferred Services Partner Designation

VectorUSA Achieves Fortinet’s Engage Preferred Services Partner Designation

TORRANCE, Calif., Feb. 3, 2026 /PRNewswire/ — VectorUSA, a trusted technology solutions provider, specializes in delivering integrated IT, security, and infrastructure
Share
AI Journal2026/02/05 00:02