According to @lookonchain, a Bitcoin OG wallet sold another 2,000 BTC for $215M and bought 48,942 ETH spot for $215M over the past 4 hours on September 1, 2025, per @lookonchain. The reported notional sizes imply a USD-neutral rotation from BTC to ETH with approximate average executions of $107,500 per BTC and $4,392 per ETH based on the figures provided, per @lookonchain. In total, the wallet has accumulated 886,371 ETH valued at $4.07B, per @lookonchain.

According to @cookiedotfun, ETH sentiment rose by +17K while BTC sentiment fell by –8K, signaling a notable divergence in trader mood, source: @cookiedotfun on X, August 25, 2025. The source states ETH printed a new all-time high and surpassed Mastercard by market capitalization, source: @cookiedotfun on X, August 25, 2025. The source also reports a whale sold billions in BTC and rotated to ETH, indicating flow-driven support for ETH over BTC, source: @cookiedotfun on X, August 25, 2025. For trading, based on the cited sentiment and flow data, monitoring ETH BTC relative strength and liquidity is warranted as rotation dynamics are highlighted by the source, source: @cookiedotfun on X, August 25, 2025.

According to Lookonchain, a Bitcoin OG deposited another 300 BTC worth $34.86M to Hyperliquid an hour ago to sell for ETH, signaling continued BTC-to-ETH rotation by this wallet; Source: Lookonchain. The trader holds a 135,265 ETH long with a $4,295 average entry valued at $581M, showing $58M in unrealized gains; Source: Lookonchain. They also bought 122,226 ETH spot at a $4,377 average totaling $535M, up $42M; Source: Lookonchain. Combined ETH exposure stands at 257,491 ETH (~$1.116B) with unrealized profits exceeding $100M, highlighting sizable leverage and spot positioning that could influence ETH market liquidity on Hyperliquid; Source: Lookonchain.

According to @ai_9684xtpa, a seven-year dormant BTC whale has rotated into ETH via Hyperliquid, swapping part of holdings for 71,108 ETH valued at $304 million, source: @ai_9684xtpa on X, Aug 22, 2025. According to @ai_9684xtpa, the same entity opened $578 million of ETH longs across five addresses, totaling 135,265 ETH with an unrealized loss of $2.13 million, source: @ai_9684xtpa on X, Aug 22, 2025. Based on the same figures, the implied average long entry is about $4,274 per ETH and the spot swap implies roughly $4,275 per ETH, offering traders concrete reference levels, source: calculation derived from @ai_9684xtpa on X, Aug 22, 2025. According to @ai_9684xtpa, converting 85,859 BTC could buy enough ETH to top the on-chain holder leaderboard and surpass BMNR, source: @ai_9684xtpa on X, Aug 22, 2025.

According to @EmberCN, a whale/institution that held 10,606 BTC for 7 years with $1.12B in profits has begun rotating from BTC to ETH, selling 3,100 BTC worth $348M so far, source: @EmberCN, X, Aug 22, 2025. According to @EmberCN, the entity bought 50,522 ETH spot worth $213M and opened a 135,000 ETH long using $120M margin for $571M notional, implying roughly 5x leverage, source: @EmberCN, X, Aug 22, 2025. According to @EmberCN, based on these figures the wallet now holds approximately $784M gross long ETH exposure (spot plus derivatives) against $348M BTC net selling to date, indicating an ETH-over-BTC positioning tilt by this participant, source: @EmberCN, X, Aug 22, 2025.

According to @ai_9684xtpa, a whale who built a $20.08 million ETH position at a $3,958 average on 07.28 has rotated the stack into WBTC (source: @ai_9684xtpa on X). According to @ai_9684xtpa, during yesterday’s drop the wallet sold 1,200 ETH at $4,147.86 for roughly $4.97 million, realizing a profit of about $228,000 on that tranche (source: @ai_9684xtpa on X). According to @ai_9684xtpa, the remaining 3,900 ETH were swapped two hours before the post into 143.26 WBTC, with the ETH sell price at $4,169 and the WBTC buy price at $113,493, implying roughly $16.26 million notional (source: @ai_9684xtpa on X). According to @ai_9684xtpa, this flow totals 5,100 ETH unwound from ETH into BTC exposure via WBTC, with an approximate gross notional of $21.24 million based on the reported sale prices, and the wallet address is provided in the source for on-chain verification (source: @ai_9684xtpa on X). According to @ai_9684xtpa, these on-chain moves reflect direct ETH-to-BTC rotation in spot terms, a data point that traders tracking ETH/BTC flow and liquidity can monitor in real time (source: @ai_9684xtpa on X).