Ethereum News Today: Bitcoin Whale Repeats $364M BTC Transfer to Hyperunit, Hinting at ETH Surge?

A high-profile Bitcoin whale with over $10 billion in holdings has once again transferred $363.9 million in BTC to Hyperunit, a platform used for large-scale crypto swaps, reigniting speculation about renewed Ethereum (ETH) accumulation. The transaction, confirmed by on-chain analytics firm Arkham Intelligence, involves 3,000 BTC and mirrors a pattern observed two months earlier when the same wallet executed a similar move that preceded a $5 billion ETH purchase. This activity has sparked market discussions about potential BTC-to-ETH rotation, particularly as the wallet's historical behavior suggests a strategy of converting Bitcoin into Ethereum during favorable market conditions.

The whale's actions align with broader on-chain signals indicating mixed market dynamics. Realised Profit/Loss (P/L) ratios have surged above 400, a level historically associated with short-term price corrections, while the Cumulative Volume Delta (CVD) metric suggests elevated profit-taking and strong sell-side control near Bitcoin's current price level of approximately $121,277. Despite these bearish indicators, derivatives data shows net taker volume recovering from extreme negative levels, signaling easing selling pressure and potential stabilization in the market. Analysts note that such conditions could create an environment conducive to renewed accumulation, though confirmation of ETH purchases remains pending.

Historical precedent strengthens the case for ETH accumulation. Two months prior, the same wallet moved $363.9 million in BTC to Hyperunit, which was followed by a $5 billion ETH purchase. That event coincided with a short-term 8% rally in Ethereum's price before a subsequent correction. Current market observers are monitoring for similar patterns, particularly as whale activity often drives broader market sentiment. On-chain data from CryptoQuant further supports this trend, showing gradual increases in ETH holdings by whale wallets across Q3 2025.

The transfer has also drawn attention to broader market trends, including institutional and retail investor behavior. Bitcoin's recent all-time high of $126,200 was fueled by record ETP inflows, but its subsequent pullback has raised questions about the sustainability of bullish momentum. Ethereum, trading at $4,479, has similarly entered a correction phase, with an RSI of 54.07 indicating neutral momentum. Traders are closely watching derivatives flows and spot exchange inflows for confirmation of the whale's next move, as such transactions often influence price action through liquidity absorption and market psychology.

Key takeaways from the event include the whale's strategic alignment with historical accumulation patterns, the mixed on-chain signals of profit-taking versus stabilization, and the critical need for further confirmation of ETH purchases. Market participants are advised to monitor Hyperunit's exchange inflows, CVD trends, and derivatives net taker volume for clarity. While the immediate impact of the transfer remains speculative, the whale's behavior underscores the interconnectedness of Bitcoin and Ethereum markets, particularly as institutional investors seek diversification across major assets.

Source: [1] Bitcoin Whale Moves $364M to Hyperunit, Could Signal Renewed ETH Accumulation (https://en.coinotag.com/bitcoin-whale-moves-364m-to-hyperunit-could-signal-renewed-eth-accumulation-amid-market-profit-taking/) [2] $10B Bitcoin Whale Moves $360M in BTC, Fuels ETH Rotation Trends (https://ambcrypto.com/10b-bitcoin-whale-moves-360m-in-btc-fuels-eth-rotation-trends-details/)