According to @ai_9684xtpa, citing a thread by on-chain analyst @eyeonchains on X dated Oct 12, 2025, a single whale allegedly rotated over 35,000 BTC into ETH since August and opened more than $1.1 billion in BTC and ETH short positions ahead of the Oct 11 flash crash, realizing over $80 million in 24-hour profit (source: @ai_9684xtpa on X, Oct 12, 2025; source: @eyeonchains on X, Oct 12, 2025). The attribution is based on on-chain breadcrumbs that the source says connect 570,000 ETH deposited into the Ethereum beacon chain deposit contract to funding linked with the ENS name ereignis.eth, with related addresses interacting two weeks prior to the crash; the ENS owner also controls garrettjin.eth, which the source ties to the X account @GarrettBullish, and notes the account is followed by the Hyperunit founder (source: @ai_9684xtpa on X, Oct 12, 2025; source: @eyeonchains on X, Oct 12, 2025). The source further claims the entity still holds 46,295 BTC valued at about $5.19 billion at recent prices, while emphasizing the identity linkage stems from the analyst’s attribution rather than independent third-party verification (source: @ai_9684xtpa on X, Oct 12, 2025; source: @eyeonchains on X, Oct 12, 2025). For traders, the reported timing of large BTC and ETH derivatives positioning and the BTC-to-ETH rotation provides context for monitoring whale flow, ETH staking deposits, and pre-volatility short buildup around major market moves (source: @ai_9684xtpa on X, Oct 12, 2025; source: @eyeonchains on X, Oct 12, 2025).

According to @ai_9684xtpa, two new addresses have accumulated 10,798 ETH, valued at approximately $32.54 million, from Binance and Coinbase over the past month. The average transfer price was $3258 per ETH. Notably, 4472 ETH (worth $13.41 million) were moved to on-chain wallets in the past hour. These addresses, possibly belonging to an institution, have staked 3,616 ETH on the Ethereum Beacon Chain.