A major Bitcoin whale closed $450 million in long Ethereum positions while simultaneously increasing its stake in spot Ether by $108 million, drawing traders' attention.
Closing Long Ethereum Positions
A Bitcoin whale controlling $11 billion in capital closed long Ethereum positions worth $450 million. The positions were closed at an average price of $4,735, yielding the whale a $33 million profit from derivatives. The whale still maintains 40,212 ETH valued at $184 million in long positions.
Strategic Maneuvers and Shifting Trends
The capital rotation into Ethereum took place amid rising popularity among institutional investors, with ETF inflows reaching $4 billion in Q2 2025. This reflects growing confidence in Ethereum despite recent market volatility. The decision to close profitable derivative positions while increasing investments in spot Ether indicates a preference for reduced leverage risk.
Long-Term Implications for the Cryptocurrency Market
The whale's actions align with recent comments from Federal Reserve Chair Jerome Powell about potential interest rate cuts, boosting risk appetite among cryptocurrency investors. Ethereum has outperformed Bitcoin by 25% over the past month, which continues to attract interest from institutional investors.
The investment strategy changes by major crypto investors, such as Bitcoin whales, could significantly alter the dynamics of the entire market, with growing interest in Ethereum amid institutional investments and optimistic expectations from upcoming network upgrades.
