A $10B Bitcoin whale moved $363.9M in BTC to Hyperunit, raising questions about renewed ETH accumulation via BTC-to-ETH flows. On-chain signals show elevated profit-taking around $122K BTC but derivatives and miner flows suggest selling pressure is easing, hinting at potential renewed accumulation. $363.9M BTC moved to Hyperunit signaling possible BTC→ETH rotation Spot selling rose near $122K while derivatives net taker volume recovered from extreme negative levels. Realised Profit/Loss ratio surged above 400, historically linked to short-term corrections; accumulation signals now emerging. Bitcoin whale moves $363.9M to Hyperunit; monitor BTC→ETH flows and derivatives for accumulation signs — read analysis and next steps now. { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "$10B Bitcoin Whale Moves $364M BTC to Hyperunit — Buying ETH Again?", "image": ["https://en.coinotag.com/images/2025/10/bitcoin-whale.jpg"], "datePublished": "2025-10-07T20:57:57Z", "dateModified": "2025-10-07T20:57:57Z", "author": { "@type": "Organization", "name": "COINOTAG", "url": "https://en.coinotag.com" }, "publisher": { "@type": "Organization", "name": "COINOTAG", "logo": { "@type": "ImageObject", "url": "https://en.coinotag.com/images/logo.png" } }, "articleBody": "A $10 billion Bitcoin whale transferred $363.9 million in BTC to Hyperunit, renewing speculation about BTC-to-ETH conversion and potential ETH accumulation. On-chain metrics show increased spot selling near $122K BTC but improving derivatives demand, which could signal a shift from distribution to accumulation.", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://en.coinotag.com/news/bitcoin-whale-hyperunit-364m" }} { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "Did the $10B Bitcoin whale buy ETH after moving BTC to Hyperunit?", "acceptedAnswer": { "@type": "Answer", "text": "There is no confirmed on-chain evidence of an immediate ETH purchase following the $363.9M BTC transfer to Hyperunit. Historical patterns show the same wallet executed large ETH buys after prior BTC moves, but current data indicates only the transfer so far." } }, { "@type": "Question", "name": "What do derivatives and realised P/L ratios indicate about market risk?", "acceptedAnswer": { "@type": "Answer", "text": "Derivatives net taker volume recovered from extreme negative readings, suggesting reduced selling pressure. The Realised Profit/Loss ratio above 400 points to significant profit-taking risk, historically preceding short corrections." } } ]} { "@context": "https://schema.org", "@type": "HowTo", "name": "How to monitor whale BTC-to-ETH flows after a transfer to Hyperunit", "step": [ { "@type": "HowToStep", "name": "Check on-chain transfer details", "text": "Identify the transaction amount, originating wallet and destination (Hyperunit). Record timestamps and on-chain confirmations." }, { "@type": "HowToStep", "name": "Monitor exchange inflows and spot orderbooks", "text": "Track exchange wallet inflows and Cumulative Volume Delta (CVD) for sudden sell-side pressure or absorption." }, { "@type": "HowToStep", "name": "Watch derivatives and realised P/L", "text": "Follow net taker volume and Realised Profit/Loss ratios; these metrics signal shifts between distribution and accumulation." }, { "@type": "HowToStep", "name": "Look for subsequent ETH purchases", "text": "If BTC is converted to ETH, on-chain exchange flows and large ETH deposits to custodial addresses will confirm accumulation." } ]} What happened when a $10B Bitcoin whale moved $363.9M BTC to Hyperunit? A $10B Bitcoin whale transferred $363.9 million in BTC to Hyperunit , repeating a pattern observed months earlier when the same wallet executed large ETH purchases. On-chain records confirm the transfer but not an immediate ETH buy; market indicators now show mixed signals between profit-taking and renewed accumulation. How likely is the whale to buy ETH again? Past behavior from the same wallet included a multi-billion-dollar ETH accumulation after moving BTC. Current transfer mirrors that sequence, but there is no direct proof of conversion yet. Analysts cite improving derivatives net taker volume and reduced miner selling as indicators that conditions could support future ETH purchases. Why are traders watching realised Profit/Loss and CVD metrics? Realised Profit/Loss (P/L) above 400 and falling Cumulative Volume Delta (CVD) point to elevated profit-taking and strong sell-side control near current BTC prices. These metrics historically preceded short corrections, making them critical for assessing immediate downside risk before any whale-driven accumulation resumes. Frequently Asked Questions Is there confirmed evidence the whale bought ETH after this transfer? No. On-chain data confirms the BTC move to Hyperunit but does not show an executed ETH purchase at the time of reporting. Previous pattern exists, yet confirmation requires tracking subsequent exchange conversions. How do derivatives flows affect price action after large transfers? Derivatives net taker volume moving from deep negative to neutral suggests reduced forced selling and greater stability. That transition can support price consolidation and renewed spot accumulation if spot demand follows. Key Takeaways Major transfer: $363.9M BTC moved to Hyperunit from a wallet linked to prior $5B ETH buys. Mixed on-chain signals: Elevated realised P/L and CVD show profit-taking; derivatives recovery points to easing sell pressure. Watch for confirmation: Look for ETH inflows and exchange conversion transactions to confirm any BTC→ETH accumulation. Conclusion This transfer by a $10B Bitcoin whale reintroduces the possibility of BTC-to-ETH rotation, but immediate ETH buying is unconfirmed. Monitor spot exchange inflows, Cumulative Volume Delta, net taker volume and Realised P/L for confirmation. COINOTAG will update as on-chain and derivatives data evolve. Author: COINOTAG (Maxwell Mutuma) Published: 07 October 2025, 20:57:57 GMT Updated: 07 October 2025, 20:57:57 GMT BREAKING: $10B BITCOIN WHALE IS MOVING ANOTHER $360M OF $BTC — 2 Months ago we reported on a $BTC whale holding over $10B BTC, who bought $5B of ETH through Hyperunit. He just moved another $363.9M $BTC to Hyperunit. Is he buying ETH again? — Arkham (10/07/2025)
