A large Bitcoin 'whale' has begun to sell off a significant amount of BTC while simultaneously accumulating ETH. The activities of these 'whales' often influence sentiment and liquidity, with the amount of accumulated ETH rising rapidly as BTC reserves decrease, amid analysts monitoring whether the 'conviction' of whales can alter the balance between the two largest cryptocurrencies.

Whale Opens Position of 15,000 BTC

A Bitcoin 'whale' that once held 15,000 BTC is selling a large amount of BTC and buying into ETH, creating a wave in the cryptocurrency market. Analyst CryptoGucci revealed on X that this wallet, which previously held 15,000 BTC, was moved from cold storage 7 years ago and has sold thousands of BTC while purchasing a large amount of ETH.

In the past 24 hours, this 'whale' has sent 2,370 BTC, worth $266 million, to exchanges and has continuously sold additional BTC every few hours. This 'whale' has accumulated ETH on a large scale. Currently, this 'whale' holds 167,629 ETH across 5 wallets, worth $706 million, allocated to spot ETH positions, perpetual contracts, and Aave ETH in WETH and aEthWETH.

Ethereum is quickly attracting attention in corporate treasuries. According to an update from CryptoRank_io, public companies now hold 2% of the total ETH supply, marking a significant milestone in institutional adoption. Since April 1, the amount of ETH held by enterprises has soared from $70 million to an impressive $10.9 billion, reflecting an increase in institutional confidence.

During the same period, the BTC holdings of public companies also increased from 3.07% to 3.93% of the total supply, indicating a steady accumulation of both of these leading cryptocurrency assets. BitMine is leading the way, now holding over 1.5 million ETH, becoming the ETH treasury of the largest companies in the world.

Market Position of Bitcoin and Ethereum

HolaItsAk47 also stated that discussions about the price surge in 2025 are heating up, and ETH is continuously being mentioned. For years, Bitcoin has dominated the cryptocurrency market with its unquestionable leading position. This time, the fundamentals indicate that ETH is not only catching up to BTC but may also lead in the future finance sector.

With ETH leading the race to dominate Stablecoin, this network is becoming the backbone of digital finance, hosting leading stablecoins like USDC, USDT, etc. Additionally, the clear regulations of the GENIUS Act are becoming increasingly evident, paving the way for institutional adoption without affecting network utility.

With billions of dollars flowing into Ethereum ETF funds and increasing corporate bonds, ETH is attracting significant attention from institutions. The Dencun upgrade, reducing transaction fees by up to 98%, has significantly improved scalability and usability. DeFi and tokenization remain the main foundations for decentralized finance and tokenized assets in ETH, reinforcing its central role in Web3.