In the first days of September, analysts recorded unusual activity: large Bitcoin holders began to massively transfer their BTC to Ethereum. According to Glassnode and IntoTheBlock, over $1.08 billion was moved to ETH-ETF in a week, and tens of thousands of BTC left cold wallets for addresses linked to institutional funds based on Ethereum.
📊 What happened?
- OG whales (old addresses with large BTC volumes) have begun to take profits at around ~$113,000
- At the same time — an increase in inflows to the Ethereum ETF, especially through Fidelity and BlackRock
- Ethereum holds the level of $4,350 despite unlocks and pressure from Solana
- Joseph Lubin (co-founder of Ethereum) stated: "ETH could grow 100 times during the next cycle"
🧠 Why is this important?
- Change of focus: Bitcoin is for storage, Ethereum is for infrastructure
- RWA and DeFi: Ethereum is becoming a platform for tokenizing real assets, and whales understand this
- ETF as a bridge: institutions are entering through regulated instruments, and ETH-ETF is their new entry point
- Risk reduction: ETH is more flexible under regulation, especially amid pressure on BTC mining
📈 Confirming signals of growth
- ETH-ETF attracted $1.08 billion in 7 days — a record figure
- The DeFi volume on Ethereum grew by 12% in a week
- The number of active ETH addresses exceeded 1.3 million — a maximum since April
- Large addresses (>10k ETH) increased positions by 6.2
💬 Conclusion
This is not just a portfolio rebalancing — it’s a paradigm shift. Whales that held BTC for a decade are now betting on Ethereum. And if they see a future in ETH — it might be worth at least taking a look.
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