According to @ai_9684xtpa, in the past 5 minutes the whale swapped 4,013 ETH for 138.04 WBTC worth 12.59 million dollars at a WBTC cost basis of 91,117.55 dollars, indicating sizable immediate ETH to BTC rotation via WBTC, source: https://x.com/ai_9684xtpa/status/2007747728458326168. Since yesterday, the whale has cumulatively sold 18,159.4 WETH and built 631.78 WBTC with a total stated value of 56.8 million dollars, source: https://x.com/ai_9684xtpa/status/2007747728458326168. The activity is tied to wallet address 0x4553e3Bc6327006A63C5aA4cdAC887f66b6A433E, source: https://intel.arkm.com/explorer/address/0x4553e3Bc6327006A63C5aA4cdAC887f66b6A433E. Over the past 7 hours, the address swapped 14,145.93 WETH into 492.16 WBTC worth 44.195 million dollars at an average WBTC cost of 89,796.47 dollars, with a current unrealized profit reported at 213,000 dollars, source: https://x.com/ai_9684xtpa/status/2007294388347748701. The ETH originated from three addresses that accumulated in early 2022 at an approximate average entry of 2,916 dollars and the swap was executed when ETH price was 3,125.68 dollars, sources: https://x.com/ai_9684xtpa/status/2007294388347748701, https://intel.arkm.com/explorer/address/0xa6482d46E8e5b68234D01252Db1b99719dBeF1CF, https://intel.arkm.com/explorer/address/0x8Fde6619B8A24ba32C35790eb1Df1F4fda9C6347, https://intel.arkm.com/explorer/address/0x75725FdCa88083bD994Ad8ea2fBcc312e8F2c1Bc.

According to @ai_9684xtpa, wallet 0x4553e3Bc6327006A63C5aA4cdAC887f66b6A433E swapped 14,145.93 WETH for 492.16 WBTC over the past 7 hours, worth about $44.195 million at an average fill price of $89,796.47 per WBTC, now showing roughly $213,000 in unrealized profit; source: @ai_9684xtpa on X and Arkham Intelligence explorer intel.arkm.com/explorer/address/0x4553e3Bc6327006A63C5aA4cdAC887f66b6A433E. The ETH used was received over the last two weeks from three wallets opened in early 2022 with an estimated ETH cost basis near $2,916, while ETH traded at $3,125.68 at the time of rotation; source: @ai_9684xtpa on X and Arkham Intelligence explorer intel.arkm.com/explorer/address/0xa6482d46E8e5b68234D01252Db1b99719dBeF1CF, intel.arkm.com/explorer/address/0x8Fde6619B8A24ba32C35790eb1Df1F4fda9C6347, intel.arkm.com/explorer/address/0x75725FdCa88083bD994Ad8ea2fBcc312e8F2c1Bc. This on-chain flow evidences a large ETH-to-BTC rotation at the cited price levels, relevant to monitoring ETH/BTC pair dynamics and WBTC liquidity; source: @ai_9684xtpa on X and Arkham Intelligence explorer links above.

According to @EmberCN, a long-term holder rotated 14,145 ETH (about $44.30 million) into 492 WBTC at an executed ETH/BTC cross rate of 0.03478 and an average WBTC cost of $90,014. According to @EmberCN, the same wallet had previously withdrawn and accumulated 22,344 ETH (about $65.15 million) from Kraken, Bitfinex, and Poloniex around early 2022. According to @EmberCN, the arithmetic difference between the prior stash and the converted amount is 8,199 ETH, indicating the reported swap covered a portion of holdings. According to @EmberCN, the 0.03478 ETH/BTC execution provides a large-block reference point for traders monitoring ETH/BTC rotation and WBTC flows.

According to @OnchainLens, a whale sold 2,880 ETH for $12.67M and purchased 110.56 cbBTC at $114,597 each after holding ETH for three months; involved wallet: 0x89c69df65d0f6a0df92b2f5b0715e9663b711341, source: @OnchainLens; data: Nansen. The whale originally acquired the 2,880 ETH for 73.4 cbBTC ($8.02M), booking a $4.64M profit and increasing BTC exposure by 37.16 BTC, source: @OnchainLens; data: Nansen. The swap implies an execution rate of ~26.05 ETH per BTC (0.0384 BTC per ETH), an implied ETH sell price near $4,399, and an estimated ETH cost basis near $2,785 based on reported figures, source: @OnchainLens; data: Nansen. Net effect is a rotation from ETH to BTC exposure by the address, observable on-chain via the cited transaction data, source: @OnchainLens; data: Nansen.

According to @KookCapitalLLC, ETH faces replaceability risk from payment-focused chains (including initiatives by Plasma and Stripe) and growing retail activity on Solana for stablecoin usage, implying relative headwinds versus BTC (source: @KookCapitalLLC on X, Aug 11, 2025). The author contrasts BTC’s non-replaceable monetary position with ETH’s platform risk and recommends a rotation trade: sell ETH into a move toward $7,000–$10,000 and accumulate BTC (source: @KookCapitalLLC on X, Aug 11, 2025). For traders, the actionable takeaway is a relative-value pivot from ETH to BTC if ETH reaches the cited zone, framed as a momentum-fade in ETH versus a build in BTC exposure (source: @KookCapitalLLC on X, Aug 11, 2025).