Bitcoin Whale Shifts Strategy: $37M ETH Profit Taken, $105M Spot Buy Signals Confidence

One of the most famous Bitcoin whales has shifted their Ethereum strategy, locking in gains and reinvesting immediately. The investor had closed long positions in Ethereum in two wallets recently, with a gain of a huge $37.2 million.

This development has occurred at a time when Ethereum is gathering momentum among traders as they show greater interest in the asset.

Rather than retracting once it had made a profit, the whale bet more on Ethereum. He also bought 23575 ETH, or a total of 105.8 million dollars, at a price of $4489.

Remaining ETH Positions and Unrealized Gains

The whale has yet to complete its Ethereum trades. His three wallets still maintain long positions, which are valued at 184.3 million, which is held in 40,212 ETH. These positions are in an unrealized profit of 10.5 million dollars.

The highly organized way in which the profits are acquired, coupled with the rather large share of Ethereum, is an indication that further increases are to be expected.

This is because the whale is alternating between wanting instant gains and adhering to a long-term belief by using both spot buys and active leveraged positions.

Bitcoin Holdings Still More than ETH

Despite the bullish trend in ETH, the whale remains focused on Bitcoin . They also hold 65461 BTC at a value of approximately 7.29billion dollars.

Market action indicates that the investor has not stopped dumping their Bitcoin position, most recently adding BTC to Hyperliquid 15 minutes before the ETH transactions appeared.

This tendency depicts a slow rebalancing of assets. Meanwhile, the concentration of Bitcoin holdings indicates that it remains the most significant investment, but the investor’s purchases of Ethereum suggest a calculated move towards diversification.

It is particularly crucial to the timing of ETH, as the asset has been receiving more market action and attention in anticipation of future network upgrades and the potential of mass adoption.

A Signal to the Market

The direction in which the whale is placing bets includes rolling back Bitcoin, locking in leveraged profits, purchasing ETH in the spot market, and continuing to invest. Selling down long positions will spark a discussion among traders about the actual destination of smart money.

To date, given this dynamic, the message is clear: even though Bitcoin continues to reign as the single-biggest holding, Ethereum is steadily gaining a foothold in the portfolio of one of the largest players in crypto.