Recent capital movements in the cryptocurrency space became apparent due to the actions of a major investor who sold a significant stake in Bitcoin in favor of Ethereum.
Asset Movement by the Whale
A cryptocurrency whale sold 4,000 BTC on August 31, 2025, for approximately $435 million and purchased 96,859 ETH for about $433 million, according to Lookonchain data. The funds were previously deposited on an exchange.
Institutional Shift Towards Ethereum
Data shows that this aggressive move by the investor reflects a broader shift towards Ethereum among institutional investors. For instance, BlackRock's Ethereum Trust bought nearly $968 million in ETH last week. Meanwhile, U.S. spot Bitcoin ETFs are experiencing outflows totaling $751 million in August, ending a four-month inflow streak.
Ethereum Price Analysis
Ethereum's price increased by 3% on Sunday to $4,491 despite an 8.13% weekly drop. In August, ETH gained 24.39% and recently set a new all-time high at $4,948. Analysts predict that should ETH break past the key $5,000 resistance level, it could rally towards $10,000.
The actions of major investors and institutional trends indicate a shift in interest towards Ethereum, which could positively impact prices in the future.
