According to Lookonchain, whale address 0xFf15 sold 425 BTC for about 46.5M USD and bought 10,567 ETH for about 46.5M USD on spot markets over the past four days (source: Lookonchain). According to Lookonchain, the reported totals imply approximate average execution prices of 109.4k USD per BTC and 4.40k USD per ETH based on the stated amounts and USD values (source: Lookonchain). According to Lookonchain, the swap reflects a direct BTC-to-ETH rotation totaling roughly 24.9 ETH per 1 BTC, highlighting notable ETH/BTC cross-pair flow that traders track for order book dynamics (source: Lookonchain).

According to @lookonchain, a Bitcoin OG sold 4,000 BTC (~$435M) and bought 96,859 ETH (~$433M) on spot markets over the past 12 hours (source: @lookonchain on X, Aug 31, 2025). According to @lookonchain, the address has accumulated a total of 837,429 ETH (~$3.85B) to date (source: @lookonchain on X, Aug 31, 2025).

According to @lookonchain, a Bitcoin OG deposited another 2,000 BTC (about $217M) to Hyperliquid within the past hour, sold the BTC and bought ETH spot, implying an executed BTC-to-ETH rotation with an approximate $108.5k per BTC mark-to-market based on the stated figures (source: @lookonchain on X, Aug 30, 2025, https://twitter.com/lookonchain/status/1961674144762007966).

According to @lookonchain, a Bitcoin OG sold 2,000 BTC valued around $221M and bought 49,850 ETH worth about $219M on spot in the past 12 hours, source: @lookonchain. According to @lookonchain, the wallet has accumulated a total of 691,358 ETH valued around $3B, source: @lookonchain.

According to @lookonchain, a Bitcoin OG deposited 968 BTC valued at $106.44M to Hyperliquid roughly 30 minutes before the post, which implies a per-BTC valuation near $110,000 based on the reported figures (source: Lookonchain on X, Aug 26, 2025). The same wallet is selling BTC to buy ETH spot on Hyperliquid, indicating an active BTC-to-ETH rotation by this large holder (source: Lookonchain on X, Aug 26, 2025).

According to Lookonchain, a veteran Bitcoin participant closed 95,053 ETH leveraged longs at an average exit price of 4,735, realizing over 33 million in profit (source: Lookonchain). According to Lookonchain, the same wallet then bought 23,575 ETH on spot worth about 108 million (source: Lookonchain). According to Lookonchain, the entity still holds 40,212 ETH longs valued around 184 million with more than 11 million in unrealized gains (source: Lookonchain). According to Lookonchain, this activity reflects closing a large portion of leveraged exposure while adding spot ETH and retaining a sizable remaining long position (source: Lookonchain).

According to @adriannewman21, the spot buying of ENA by the foundation is creating a notable impact on the token's price action. The author highlights that, after conducting due diligence on treasury numbers, ENA stands out in the public markets due to the lack of other stablecoin narrative options besides Circle. This unique positioning, combined with foundation-driven buying activity, is supporting upward momentum for ENA and attracting trading attention. Source: @adriannewman21.

According to Crypto Rover, Bitcoin funding rates are currently at exceptionally low levels, indicating that the ongoing bull market is fundamentally healthy and not excessively driven by leverage. This situation reduces the risk of sudden liquidations and suggests that spot buying is dominating derivatives trading, a positive sign for long-term traders and institutional investors. Such healthy funding conditions could encourage sustained upward movement in Bitcoin and related altcoins, as noted by Crypto Rover on June 2, 2025 (source: @rovercrc Twitter).

According to Skew Δ on Twitter, Bitcoin ($BTC) is experiencing a bounce driven entirely by limit orders, indicating strong support levels in the current trading range (source: @52kskew, May 23, 2025). The analysis highlights that long positions are building up behind the price, suggesting traders are positioning for further upside. However, for a full recovery in Bitcoin price, sustained spot buying is necessary to confirm bullish momentum. This trading activity signals key levels for crypto traders to watch, as order book dynamics play a crucial role in short-term Bitcoin price movements.

According to Crypto Rover, Bitcoin is experiencing a significant price pump as observed on May 22, 2025, with increased trading volume and strong bullish momentum visible on major exchanges (source: @rovercrc on Twitter). This upward movement is supported by a surge in spot buying and liquidations of short positions, signaling potential for further gains in the short term. Traders are monitoring resistance levels near recent highs, with breakout potential depending on sustained volume (source: Binance order books, 2025-05-22). Crypto derivatives markets are also showing increased open interest, indicating heightened trader participation and volatility, which could impact altcoin prices and overall crypto market sentiment.

According to Cas Abbé, over the past month, 1.1 million ETH valued at $2.75 billion have been withdrawn from crypto exchanges, indicating a significant decrease in liquid supply (source: @cas_abbe on Twitter, May 18, 2025). Whale accumulation further highlights that the current ETH price increase is being driven by spot market demand rather than derivatives. For traders, this sharp reduction in exchange balances suggests increasing holder conviction and potential for reduced sell pressure, key factors that could support continued upward momentum in Ethereum price. These developments are critical for market participants monitoring supply-demand dynamics and planning ETH entry or exit points.

According to Miles Deutscher, the recent cryptocurrency rally has been primarily driven by spot buying rather than leverage, signaling robust organic demand in the market (source: Twitter, May 14, 2025). This trend suggests a healthier price foundation and reduces the risk of sharp liquidations that are common with leverage-driven moves. Traders should monitor spot exchange inflows and volume for sustained bullish momentum, as spot-driven rallies often indicate long-term investor confidence and can influence both Bitcoin and altcoin market structures.