Bitcoin slid to his weakest level in more than a month after a large investor started to release thousands of coins in favor of Ethereum.
Data of CryptoSlate Show the assets trade on Monday about $ 111,600, a decrease of almost 3% in one day and the lowest figure since the beginning of July.
The sale knew profits just a week earlier, when Bitcoin was short above $ 117,000, the Federal Reserve could lower the interest rates in September.
Instead, heavy sales pressure of one of the older and richer portfolios of the network turned around and weighed on the wider market.
Whale dumps Bitcoin for Ethereum
According to LookonchainAn early Bitcoin investor who originally received more than 100,000 BTC seven years ago was actively played in Ethereum.
In the past five days, the wallet deposited nearly 23,000 BTC, with a value of approximately $ 2.6 billion, on decentralized exchange hyperliquid. That turnover was followed by the purchase of around 473,000 ETH worth $ 2.2 billion, together with the opening of a substantial long position.
The whale has since taken partial profit and has closed more than 95,000 ETH -Longs at an average price of $ 4,735 to net $ 33 million.
In the meantime, the proceeds have since been invested in extra ETH spot purchases, in total more than 23,500 tokens with a value of $ 108 million.
Despite cropping exposure, the address remains more than 40,000 ETH in open long positions with more than $ 11 million in non -realized profits
Hyperliquid uses exchange
The aggressive repositioning has also lifted the trading activity on hyperliquid, the largest decentralized eternal exchange.
According to the platformSpothandelsvolumes on the platform reached a record of $ 3.4 billion in 24 hours, making it second among all centralized and decentralized locations for Bitcoin Spothandel. Only BTC trade was good for $ 1.5 billion in volume during that period.
It added:
“This [trading volume] Coinbase and Bybit BTC Spot Volumes are surpassed and is close to BTC/USDT on Binance. “
In the meantime, the heavy activity helped to generate Hyperliquid more than $ 4.7 million in trading costs in one day. Some of those reimbursements were allocated to the return of the native hype -tokes of the stock market, with its subsiidary unit, which contributed almost $ 1.9 million to the process.
Bitcoin -Market data
At the time of press 11:56 am UTC on August 25, 2025Bitcoin is on the market capitalization market and the price is down 3.33% In the last 24 hours. Bitcoin has a market capitalization of $ 2.21 trillion With a trade volume of 24 hours $ 81.38 billion. More information about Bitcoin ›
Summary of the Cryptomarkt
At the time of press 11:56 am UTC on August 25, 2025The total crypto market is appreciated at $ 3.84 trillion With a volume of 24 hours $ 227.68 billion. Bitcoin Dominance is currently up 57.56%. More information about the Cryptomarkt ›