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A legendary Bitcoin whale just made a $3.8B bet on Ethereum – Details

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By Aggregated - see source on September 1, 2025 Altcoin
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Journalist

Posted: September 1, 2025

ETH: Strength in numbers

Whale transaction counts for transfers over $1 million spiked through August, coinciding with ETH’s climb above $4,300. Big players have been actively repositioning, adding momentum.

ethereumethereum

Source: Santiment

At the same time, ETH’s Futures Open Interest surged past $70 billion before settling near $60 billion.

Spot and derivatives markets are aligning behind Ethereum, with whales providing liquidity on one end and traders increasing exposure on the other.

ethereumethereum

Source: CoinGlass

ETH holds steady

At press time, Ethereum traded near $4,390, moving sideways after its strong rally earlier in August.

The daily chart showed little momentum, with the RSI indicating a neutral zone. The MACD also pointed lower, so short-term momentum had slowed even as prices stayed stable.

Source: TradingView

This period of consolidation showed ETH was pausing after recent gains, while whales continued to buy into the dips. The market looks to be in a cooling phase for now, but ready for its next move.

Next: Metaplanet’s Bitcoin strategy on the ropes after 54% decline – Details

Credit: Source link

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Dramatic Surge in Bitcoin Millionaires Pushes Bitcoin Hyper to Nearly $18M

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