Keynote
Whale sells 2,000 btc on ETH for $225 million. The total ETH stash for the wallet is currently 886,371 ETH, equivalent to 4.07B.
The mysterious Bitcoin OG once known for its deep BTC
BTC
109 $457
24-hour volatility:
0.5%
Market Cap:
$2.18 t
Vol. 24H:
$34.47 b
Pocket continues to pivot aggressively towards Ethereum
ETH
$4,471
24-hour volatility:
0.2%
Market Cap:
$539.54 b
Vol. 24H:
$25.72 b
. On September 1, blockchain data confirmed that the whales sold 2,000 BTC worth around $215 million, converting it instantly to 48,942 ETH at spot prices.
The transaction pushed Bitcoin OG’s total Ethereum holdings to 886,371 ETH, exceeding $4.07 billion. Interestingly, just nearly $1 billion of these purchases took place over the weekend, suggesting a rather bullish attitude towards digital assets.
This Bitcoin OG sold an additional $2,000 ($215 million) and bought a spot worth 48,942 $ETH ($215 million) over the past four hours.
In total, he bought $886,371 ETH ($4.07b).https://t.co/qtqdgpt2cq pic.twitter.com/ymvyhyirfo
– lookonchain (@lookonchain) September 1, 2025
Possibility of upward ether
Market experts say this accumulation could be an attempt at institutional influx before and after, especially after Consensy founder Joseph Rubin predicted that Ethereum’s market base could grow 100 times.
I’m 100% consistent with almost everything Tom @FundStrat says here.
Yes, Wall Street currently pays for the infrastructure, so it bets because the bets are up and running.
– Joseph Rubin (@ethereumjoseph) August 30, 2025
Rubin pointed out that Wall Street is inevitably betting on Ethereum as the financial giants seek cheaper and scalable infrastructure compared to abandoned legacy systems.
According to him, this could spark unprecedented demand for ETH, potentially leading to it surpassing Bitcoin as the dominant cryptocurrency.
Institutional interest gains momentum
The Bitcoin OG transaction is alongside the fresh purchasing activities of well-known trading company Longling Capital. After selling 5,000 ETH last week, they became buyers again, winning 7,000 ETH ($30.6 million).
The company has built a reputation for timing market entries and exits accurately, and its latest purchases are interpreted as a bullish signal on the next foot of Ethereum.
Ethereum recently hit a new all-time high of $4,953 on August 25th, but quickly faced a price adjustment. At the time of writing, ETH is trading at around $4,388, marking a 6% drop in the past week.
However, analysts believe that these integrations are healthy.
The popular Crypto Trader Wagmi wrote to X that Ethereum is “ready for a big move,” emphasizing that as long as it exceeds $4,360 support, meetings over $5,000 will remain firmly on the table.
$eth seems ready for big moves
As long as you’re over $4,360 support, you’ll find a push to $5K+ on the table.
The chart shows strong accumulation before the next leg rises.
Don’t fade on Ethereum pic.twitter.com/kwo5onvffm
– RJT. Wagmi (@rjttheog) August 31, 2025
Is the ETH price $5,200?
Ethereum’s daily charts show price integration within the Bollinger band, with the midband (20-day SMA) serving as immediate support of around $4,360. The band is tightened, indicating a decrease in volatility before a potential breakout.
Once the ETH exceeds $4,360, buyers can push towards resistance at $4,750 and retest the $4,953 high.
ETH Daily Chart with RSI Indicators as of September 1st | Source: TradingView
Meanwhile, the relative strength index (RSI) is hovering at nearly 52, suggesting a neutral stance, but has weakened slightly after cooling from an over-purchased level in August.
If it falls below $4,360, support will reveal support for $4,100, and a deeper fix could potentially pull ETH back to $3,900. For now, consolidation and strong whale accumulation suggest that Ethereum is preparing for the next critical move.
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Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information, but should not be considered financial or investment advice. Market conditions can change quickly, so we recommend that you review your information yourself and consult with an expert before making a decision based on this content.
A crypto journalist with over five years of experience in the industry, Perth has worked with leading media outlets in the Crypto and Finance world, gathering experience and expertise in this field after surviving the bear and bull market for many years. Perth is also the author of four self-published books.
Parth Dubey on LinkedIn
