Ethereum is attracting major whale interest, with large investors moving significant capital from Bitcoin into Ether as part of what analysts call a “natural market rotation.” Blockchain data suggests that whales are positioning for altcoin season as Bitcoin consolidates near its highs.
$456 Million in Ether Accumulated by Nine Whale Addresses
According to Arkham Intelligence, nine whale addresses collectively purchased $456 million worth of Ether from BitGo and Galaxy Digital, signaling growing institutional and high-net-worth interest in ETH.
This shift reflects a broader trend of profit-taking on Bitcoin positions after its strong rally and redeployment into assets with higher upside potential, particularly Ethereum.
Analysts: Rotation Signals Growing Altcoin Demand
Crypto intelligence platform Nansen’s research analyst Nicolai Sondergaard described the move as a “natural rotation”, where investors lock in Bitcoin profits and seek gains from other leading digital assets.
“Ether is a key beneficiary because of strong institutional momentum and its growing role in treasury strategies,” Sondergaard noted. While the focus remains on ETH, he emphasized that capital is gradually spreading to other altcoins, indicating the early stages of a broader altcoin season.
Crypto analyst Willy Woo highlighted the surge in ETH inflows, now nearing $900 million per day, almost matching Bitcoin’s daily inflows. He attributes the uptick to major treasury allocations, including those from Tom Lee’s ETH-focused firm, BitMine, which recently began significant Ether accumulation.
This comes just a week after a Bitcoin whale sold $2.59 billion in BTC, reallocating $2.2 billion into spot Ether and $577 million into perpetual ETH futures, further confirming the rotation trend.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.