A massive Bitcoin whale holding over $10 billion in BTC has transferred 3,000 BTC (worth about $363.9 million) to the trading platform Hyperunit, sparking renewed speculation about a shift toward Ethereum accumulation.
The transaction, recorded on October 7, 2025, was identified by Arkham Intelligence, which traced the transfer to a wallet labeled “Hyperunit-BTC-Whale.” The move immediately drew attention from analysts and traders, many of whom believe it could signal another round of capital rotation between Bitcoin and Ethereum.
A Familiar Pattern Emerging
This isn’t the first time this particular whale has made waves. Just two months ago, the same entity executed a similar transfer through Hyperunit, followed by an Ethereum purchase worth $4 billion. That accumulation coincided with an 8% short-term ETH price surge, suggesting a possible influence on market sentiment.
Now, traders are watching closely to see whether the latest transfer will repeat that pattern — potentially fueling another mini Ethereum rally.
Institutional Shifts in the Market
According to CryptoQuant, wallets associated with major investors have been steadily increasing their ETH holdings throughout Q3 2025. Analysts interpret these movements as part of a broader rebalancing strategy, where investors diversify between the two dominant crypto assets depending on market dynamics.
Experts also highlight that whale transactions often serve as early indicators of shifting trends in the digital asset market. If capital continues to rotate between Bitcoin and Ethereum, it could reinforce the cyclical pattern that has characterized the crypto space over the past year.
Broader Market Context
Despite the whale’s large transfer, Bitcoin’s price has remained relatively stable around $122,000, down about 1.1% over the last 24 hours, with daily trading volume exceeding $27 billion.
This stability may indicate that institutional investors are repositioning rather than exiting. The move also underscores a growing correlation between BTC and ETH, as both assets continue to dominate global crypto investment flows.
Earlier this year, another long-dormant Bitcoin wallet from the Satoshi era transferred over 1,000 BTC after 12 years of inactivity — further illustrating how whale activity often precedes significant shifts in market behavior.
