All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- A Bitcoin whale rotated billions into Ethereum staking while still holding large BTC reserves steady.
- Ethereum ETFs cool with minor outflows, but whales keep buying, and exchange reserves shrink.
On September 1, Arkham Intelligence reported that a Bitcoin whale bought $1.08 billion worth of Ethereum in a single day and immediately staked it to collect rewards. The purchase added to a rotation strategy that has increasingly shifted assets from Bitcoin into Ethereum.
The whale, described as a Bitcoin OG, has sold 35,991 BTC since August 20, 2025, through deposits at Hyperunit to finance Ethereum acquisitions, according to Lookonchain. After these moves, the investor now controls 886,371 ETH valued at more than $4 billion.
Despite aggressive buying, the whale still holds 49,634 BTC with a market value above $5.4 billion, leaving room for further Ether purchases. In addition, a separate buy worth $433 million was recorded on Sunday, before accelerating into the billion-dollar purchase the following day.
Since Aug 20, the Bitcoin OG has sold 35,991 $BTC($4.04B) and bought 886,371 $ETH($4.07B) at a 0.0406 rate on #Hyperliquid.
He still holds 49,634 $BTC($5.43B) in 4 wallets. pic.twitter.com/ns7T1zMtAO
— Lookonchain (@lookonchain) September 1, 2025
Whale Demand Meets Institutional Appetite
Ethereum’s pull from large wallets comes at a time when U.S. spot ETH ETFs have also recorded heavy inflows. Data shows these ETFs attracted a cumulative $3.87 billion in August 2025. For five straight months, they registered more than $10 billion in net cash inflows.
The beginning of September, however, started on a weaker note for ETFs. Outflows of 4,319 ETH, equal to roughly $19 million, were registered in the opening days. Despite this cooling in institutional inflows, whales such as the Bitcoin OG have continued to accelerate purchases.
As a result, Ethereum reserves on centralized exchanges are thinning out. CryptoQuant reported that Binance’s ETH balances continue to fall, even while Bitcoin holdings remain stable. The firm noted,
While Bitcoin reserves on Binance exchange have remained relatively stable, Ethereum reserves show a persistent downward trend.
Analysts Split on Near-Term ETH Price
Market observers are weighing in on Ethereum’s path. Michaël van de Poppe said the token is “on its way toward a beautiful spot to accumulate before Q4 is ready to take off.” He suggested ETH may correct by 10% to 20% this month into the $3,900–$3,400 region.
Daan Crypto Trades pointed out that ETH has been trading between $4,300 and $4,500 recently. He warned that sluggish momentum at the start of the month could drag the token back toward its 200-day averages near the lower end of the range.
On the other hand, Merlijn The Trader described Ethereum as already being in an expansion phase. He noted the $4,000–$4,100 zone had turned into support, which could eventually push ETH toward $7,000 if the breakout sustains.
At the time of reporting, ETH trades at $4,390.19, marking a 0.71% decline in the past 24 hours.
