What’s Cooking in Bitcoin Town? 😏 – Biggest Whale Sends BTC to Chill

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So, this big Bitcoin whale, you know, “195DJ” – because that’s obviously their nickname – has sold some of their stash, over 31,000 BTC since August. But get this, they still got like 50,000 BTC left, worth a whopping $5.4 billion. Talk about keeping half your portfolio in one basket, right? How exciting! 😮

This whole sell-off drama happened right when Bitcoin did the Kraken dance from above $120,000 to about $108,600. The selling began on August 18, with the whale sending Bitcoin to some place called Hyperliquid instead of the typical stablecoin parking lot, and from there, converted it into Ethereum. So, instead of just selling, they’re bouncing between cryptocurrencies like it’s musical chairs. Kids these days, huh?

OG Whale Moves to Ethereum – Big Whoop?

According to some CryptoQuant analyst by the name of JA Maartunn, have you heard of him? Well, now you have. This whale converting their Bitcoin to Ethereum is particularly unusual since “195DJ” is like the grandma of Bitcoin holders. Typically, whales sell when things go up so they can just sit on cash and flip a coin for whether to buy or sell. But this time, choosing Ethereum could mean they think ETH is the new cool kid. Because who doesn’t love the latest trend?

These big sales have a habit of making the market look like someone’s bulldozed over it. Bitcoin just scrubbed off its support at $111,500 and nearly hit the dirt at $107,000. Analysts might just start testing their tarot cards after this nerve-wracking performance, trying to figure out what the heck is next. If a whale moves, others will likely follow, just because it seems like something you’d have to do so they won’t think you’re a fossil.

History Tells Us This Happens – Surprise!

Looking at past cycles – it’s like seeing reruns, different scene, same plot. In 2017 and 2021, whales were busy selling during distribution phases. Think back in 2020; some of these whales actually saw Ethereum’s DeFi boom coming before anyone else and hopped on like they knew something we didn’t. Well, apparently, they did.

End of the peak?

New Bitcoin Treasury Companies:
• July ’25: 21
• August ’25: 15

Is the hype fading, or just catching its breath?

– Maartunn (@JA_Maartun) September 1, 2025

While a whale’s pivot to Ethereum adds a dash of caution to everyone’s taste, Bitcoin’s $107,000 support might crumble like wet cake. Meanwhile, Ethereum could grab some extra spotlight thanks to these moves. Long-term, though, it seems like the whale just wants to diversify, not ditch Bitcoin completely. But who can be sure? As they say on every reality TV show: “Stay tuned!”

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2025-09-02 03:38