{"id":873625,"date":"2025-09-17T01:14:03","date_gmt":"2025-09-17T06:14:03","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/09\/17\/8-year-bitcoin-holder-offloads-another-136m-following-massive-4b-eth-trade-whales-dumping-again\/"},"modified":"2025-09-17T01:14:03","modified_gmt":"2025-09-17T06:14:03","slug":"8-year-bitcoin-holder-offloads-another-136m-following-massive-4b-eth-trade-whales-dumping-again","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/09\/17\/8-year-bitcoin-holder-offloads-another-136m-following-massive-4b-eth-trade-whales-dumping-again\/","title":{"rendered":"8-Year Bitcoin Holder Offloads Another $136M Following Massive $4B ETH Trade \u2013 Whales Dumping Again?"},"content":{"rendered":"

Bitcoins <\/p>\n

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Crypto Journalist<\/p>\n

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Anas Hassan<\/p>\n

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Crypto Journalist<\/p>\n

\n Anas Hassan <\/span>\n <\/p>\n<\/p><\/div>\n

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About Author<\/p>\n

Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n

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Last updated:\u00a0<\/p>\n

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An eight-year Bitcoin<\/strong><\/a> holder resumed selling after a two-week pause, depositing 1,176 BTC worth $136.2 million to the Hyperliquid trading platform as Bitcoin tested $116,000 resistance levels.<\/p>\n

The whale previously executed<\/a> one of the largest Bitcoin-to-Ethereum rotations in crypto history, trading 35,991 BTC valued at $4.04 billion for 886,371 ETH worth $4.07 billion.<\/p>\n

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The renewed selling activity comes as BTC Inc CEO David Bailey claimed earlier this month<\/a> that two massive whales prevented the cryptocurrency from reaching $150,000, with one whale eliminated and another halfway through liquidations.<\/p>\n

Multiple dormant Bitcoin addresses from 2011-2012 have awakened recently, creating selling pressure that contributed to Bitcoin\u2019s struggle to maintain momentum above previous highs.<\/p>\n

The whale\u2019s ETH-BTC arbitrage position currently faces losses of approximately 460 BTC worth $53 million if reversed, as the ETH\/BTC ratio has remained below 0.05 since July 2024. <\/p>\n

Despite Ethereum\u2019s 155% rally since July and new all-time highs near $4,957, the ratio peaked at 0.14 in 2017 and currently sits around 0.0401 \u2013 0.0403.<\/p>\n

\"bitcoins
Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n

Bitcoins Mystery Whales are Executing Strategic Portfolio Rotations \u2013 But Why?<\/span><\/h2>\n

The Bitcoin OG\u2019s selling strategy involves systematic liquidations across multiple wallets while maintaining substantial reserves. <\/p>\n

Lookonchain data<\/a> reveals the whale still controls 49,634 BTC worth $5.43 billion distributed across four separate addresses following the latest $136 million deposit.<\/p>\n

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Previous whale activity<\/a> has shown sophisticated market timing, with one holder selling 24,000 BTC worth $2.7 billion in coordinated transactions that drove Bitcoin from $115,000 to $111,000 within hours. <\/p>\n

The sudden liquidation occurred during weekend trading, when thinner volumes amplify the price impacts of large transactions.<\/p>\n

Another early adopter rotated 400 BTC<\/a> in August, worth approximately $45.5 million, into leveraged Ethereum positions using 3x and 10x leverage across four wallets. <\/p>\n

The whale opened combined long positions totaling 68,130 ETH worth $295 million, bridging funds back to the Ethereum mainnet after executing spot market swaps.<\/p>\n

Dormant wallet activations accelerated throughout September, with addresses inactive since 2011-2013 transferring Bitcoin to exchanges, including Kraken. <\/p>\n

One wallet<\/a> holding 445 BTC made its first transaction in nearly 13 years, while another containing 480 BTC moved funds for the first time since 2012.<\/p>\n

David Bailey\u2019s whale elimination theory suggests coordinated selling at specific price levels, with \u201cone for 80k bitcoin and the other for 120k bitcoin.\u201d <\/p>\n

Market analysis indicates the first whale completed massive liquidations while the second continues rotating substantial positions into altcoins.<\/p>\n

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Bitcoins Technical Breakdown Indicates Deeper Correction Risks<\/span><\/h2>\n

Bitcoin faces mounting technical challenges as whale selling coincides with bearish momentum indicators across multiple timeframes. <\/p>\n

The 50-day exponential moving average at 113,465 now acts as resistance, while MACD signals turned negative with bearish crossovers confirming trend deterioration.<\/p>\n

\"bitcoins
Source: TradingView<\/figcaption><\/figure>\n

September saw US spot Bitcoin ETFs record their first weekly outflows<\/a> since June, with $126.64 million in net redemptions during August compared to $6 billion inflows in July. <\/p>\n

The reversal ended a six-week streak of consistent institutional accumulation as momentum shifted toward Ethereum products.<\/p>\n

Ethereum ETFs significantly outperformed Bitcoin funds, attracting nearly $4 billion in August inflows while Bitcoin products recorded $622.5 million in net outflows. <\/p>\n

September historically represents Bitcoin\u2019s weakest month, delivering average losses of 3.77% during bull market years and earning the \u201cRektember\u201d nickname among traders. <\/p>\n

Bitcoin closed August at $109,000, marking a 6% monthly decline despite reaching all-time highs above $124,000 earlier in the cycle.<\/p>\n

So far, after rising from $111,000 last week to above $115,000, Bitcoin has not been able to break the $116,000 resistance, and this whale activity can impact sentiment even more negatively.<\/p>\n

According to the last Bitfinex Alpha<\/a>, Bitcoin is holding precisely steady between $108,000 and $112,000, with buyers actively defending key support zones while filling the gap created by July\u2019s sharp rally.<\/p>\n

However, the exchange acknowledged that the risk of a deeper correction remains, and consolidation appears to be the more likely outcome. September has historically marked a cyclical low for Bitcoin, setting the stage for a stronger Q4 performance.<\/p>\n

\"bitcoins
Source: Bitfinex<\/a><\/figcaption><\/figure>\n

Amid all these, institutional accumulation persists despite retail liquidations, as corporate Bitcoin holdings have surged above $200 billion across 190 entities. <\/p>\n

In fact, according to a Cryptonew report covered earlier this month, businesses across major industries have purchased 1,755 Bitcoin daily<\/a> (worth $195.2 million), contributing over $1.3 trillion to Bitcoin\u2019s market cap during the past 20 months alone.<\/p>\n

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Crypto Journalist Anas Hassan Crypto Journalist Anas Hassan About Author Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech. Last updated:\u00a0 September 15, 2025 An eight-year Bitcoin holder resumed selling after a two-week pause, depositing 1,176 BTC worth $136.2 million to<\/p>\n","protected":false},"author":1,"featured_media":873626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22661,4041],"tags":[11476],"class_list":{"0":"post-873625","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-year","8":"category-bitcoin","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/873625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=873625"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/873625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/873626"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=873625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=873625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=873625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}