🐋《The Whale Moved》｜2025-08-21
📰 Major Good News / Bad News:
- A long-term BTC whale account sold about 670 bitcoins (approximately 76M USD), while buying 68,130 ETH (approximately 290M USD), indicating a structural fund allocation shift towards ETH (bad for BTC / good for ETH).
- Short-term selling pressure on ETH is evident in the market, and trading sentiment is cautious (bearish warning).
📈 Real-time Market:
- Current BTC price: **113,680 USD**
· Today's high: 114,726 USD; Today's low: 112,482 USD
- Current ETH price: **4,295.22 USD**
· Today's high: 4,370.84 USD; Today's low: 4,114.35 USD
📊 Long/Short Ratio (ETH):
- Coinglass data: Longs 47.93%, Shorts 52.07%, Long/Short ratio approximately **0.92** (bearish).
🛂 Regulatory Dynamics:
- The U.S. SEC is in the process of forming a special group for cryptocurrency asset regulation, conducting research on classification and anonymity (structurally neutral).
- The UK FCA has relaxed restrictions on the issuance of cryptocurrency ETNs, with a trend towards looser regulation (good news).
💰 Capital Flow:
- Whale operations are evident: shifting from BTC to ETH, reflecting structural changes in capital.
- If there are new movements from ETFs / Whales, updates will continue to be provided.
🧠 Brief Commentary:
- Liquidating BTC and heavily buying ETH signals a structural capital migration;
- The bearish long/short ratio for ETH indicates that short-sighted sentiment remains cautious, but whale actions may lay the groundwork for a mid-term rebound;
- Overall regulatory stability is helpful for mid- and long-term investment decision certainty.
- "Whales moving from BTC to ETH, do you think this is a bull market positioning or an arbitrage strategy?"
- "The ETH long/short ratio is bearish, are you observing or positioning on dips?"
