Ancient whales swap Bitcoin for Ethereum; the ambush and game logic behind this can be viewed from several angles. Let's seize the opportunity to transcend class.
Comparing the cycle expectations of BTC and $ETH
BTC is already at a relatively high position, and whales choose to swap at a high point to lock in some profits.
Ethereum is in an 'undervalued' phase (the valuation ratio relative to BTC is low), and with the future explosion of the ETH ecosystem (L2, staking, ETF, DeFi applications), there is an expectation of catching up.
👉 This is a strategy of swapping BTC for ETH, betting on valuation rotation.
2. The financial game of staking ETH
279,000 ETH is being staked, which means whales not only have a bullish outlook on ETH but also hope to leverage staking to: gain additional returns.
It may even be possible to leverage through staking derivatives like stETH.
👉 This is preparing for future market conditions with liquidity plus potential leverage strategies.
3. Market signal games
When an 'ancient whale' makes a large swap action, the market's short-term trend will be interpreted as:
A 'bearish' signal for the short-term trend of BTC.
A 'bullish' signal for the medium to long-term trend of ETH.
This may trigger market funds to follow suit, pushing ETH stronger relative to BTC.
4. Considerations at the macro and regulatory levels
BTC already has a spot ETF, with continuous inflow from US stock funds, and reduced volatility.
ETH ETF has just started, representing a new narrative and new funding entry. Once it expands, the upside potential of ETH may be stronger than that of BTC.
Ancient whales may be betting on the next round of mainstream funding narratives.
Summary: The core of the ancient whales' ambush and game is:
Swapping for ETH = betting on valuation recovery + new narratives (ETH ETF, staking returns, ecosystem expansion).
Staking ETH = a signal for long-term holding while preparing bullets for future leverage or liquidity.
Continuing to hold some BTC = maintaining a hedge position without completely giving up BTC.
We can understand it as:
👉 Whales are using the stable returns of BTC to bet on the high elasticity opportunities of ETH.
Continuously pay attention during the day: $QTUM $ONT SLF NTRN NEO
