Bitcoin News Today: Bitcoin Whale Moves $363M to Hyperunit, Fueling Ethereum Rotation Speculation

Bitcoin traded near $121,500 on October 8, 2025, after a 4% correction from a peak of $126,192 the previous day, as on-chain analytics revealed significant whale activity and profit-taking dynamics. A single whale wallet holding over $10 billion in Bitcoin transferred 3,000 BTC (worth $363.9 million) to Hyperunit, a custodial and trading platform, reigniting speculation of a rotation into Ethereum (ETH). This follows a similar pattern observed in August 2025, when the same wallet converted $5 billion in BTC into ETH, coinciding with an 8% short-term rally in Ethereum's price before a subsequent pullback.

On-chain data from CryptoQuant indicates that whale wallets have incrementally increased their Ethereum holdings throughout Q3 2025, aligning with broader trends of diversification between Bitcoin and Ethereum. Analysts note that Hyperunit's role in facilitating large-scale swaps amplifies its significance as a precursor to cross-asset allocations. While no immediate BTC→ETH conversion was confirmed in the latest transfer, the sequence of movements has prompted traders to monitor custody flows and exchange balances for signals of renewed ETH accumulation.

Ethereum's price slid 4.4% to $4,479, with its RSI (54.07) reflecting neutral momentum as the market awaits confirmation of inflows. The recent whale activity has also coincided with a 121% year-over-year surge in dormant Bitcoin movements, including a $3.93 billion transfer of 32,322 BTC from wallets inactive for 3–5 years, which triggered $620 million in crypto liquidations. This large-scale profit-taking has introduced short-term bearish pressure, with analysts at Coinglass noting that reintroducing such volumes into circulation dilutes liquidity and spooks new buyers.

Bitcoin's RSI (61.1) suggests cooling momentum after a sharp rally, with traders watching key resistance levels near $126,000 and support at $120,000. The $120,000 level has historically acted as a psychological floor, and its ability to hold will determine whether the correction consolidates or deepens. Meanwhile, Ethereum's technical outlook remains neutral, with market participants awaiting further inflows to validate whale-driven accumulation narratives.

Broader market sentiment has shifted amid these developments. The $3.93 billion dormant wallet movement, flagged by analysts like J. Martin of CryptoQuant, underscores the sensitivity of crypto markets to large-scale transactions. Institutional demand, including inflows into Bitcoin ETFs and corporate treasury purchases, may absorb some of the increased supply pressure during the correction phase. However, the reawakening of long-dormant wallets has raised concerns about potential destabilization, particularly if further sales occur through over-the-counter channels.

Traders are advised to monitor on-chain whale balance metrics, custody inflows to platforms like Hyperunit, and Ethereum's price RSI for confirmation of accumulation trends. While short-term volatility persists, long-term bulls remain optimistic, with forecasts from Fundstrat's Tom Lee suggesting Bitcoin could reach $150,000–$250,000 by year-end. For now, the market's focus remains on whether the current correction will catalyze a rebound or signal a broader shift in whale strategy.

Source: [1] title1 (https://dailyhodl.com/2025/10/08/10000000000-bitcoin-whale-abruptly-moves-363810000-in-btc-to-hyperliquid-is-another-ethereum-swap-incoming/)

[2] title2 (https://en.coinotag.com/bitcoin-whale-363-9-million-transfer-to-hyperunit-may-signal-renewed-ethereum-accumulation-arkham-intelligence-flags/)

[3] title3 (https://ambcrypto.com/10b-bitcoin-whale-moves-360m-in-btc-fuels-eth-rotation-trends-details/)

[4] title4 (https://invezz.com/news/2025/07/04/bitcoin-community-abuzz-as-14-year-dormant-wallets-move-2-billion/)

[5] title5 (https://finance.yahoo.com/news/dormant-bitcoin-wallets-move-3-210327520.html)