$10B Bitcoin Whale Moves $364M BTC to Hyperunit Buying ETH Again?

2 mins mins

In Brief

$10B Bitcoin whale transfers $364M BTC to Hyperunit, echoing August’s $5B ETH buys.
Analysts report rising sell pressure and profit-taking as BTC trades near $122K.
Derivatives data show selling easing, hinting at renewed accumulation and market recovery.

A $10 billion Bitcoin whale has transferred another $363.9 million worth of BTC to Hyperunit, reigniting speculation about renewed Ethereum accumulation. Arkham Intelligence identified the movement less than two months after the same wallet purchased $5 billion in ETH through Hyperunit.

In August, the whale initially moved $1.1 billion in BTC to new wallets before acquiring $2.5 billion in ETH and continuing steady purchases. The latest transfer has prompted questions about whether similar buying activity is underway as Ethereum’s momentum strengthens above $4,000.

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? https://t.co/jYUCx8A3sR pic.twitter.com/7dpZr8AjTw
— Arkham (@arkham) October 7, 2025

While on-chain patterns show recurring BTC-to-ETH movements, there is no confirmed evidence of active buying yet.

This renewed activity comes amid notable market shifts, with BTC/USDT falling 2.45% to around $122,240.51, according to analyst Wimar.X. Large Binance wallet outflows totalling over $29 million across BTC and ETH transactions further added to market volatility and trader caution.

Analysts Track Profit-Taking and Derivatives Flows Amid Market Pressure

Data from CoinGlass shared by analyst Ted further shows increased spot selling pressure on Binance as BTC/USDT slipped from $124,000. The Cumulative Volume Delta (CVD) dropped sharply from 11.0K to 9.98K, suggesting strong sell-side control and potential distribution by large holders.

Similarly, CryptoQuant data cited by Killa indicates Bitcoin’s Realised Profit/Loss Ratio has surged above 400, historically signalling overheated market conditions. Comparable spikes in May, July, and August preceded brief corrections, suggesting heightened profit realisation at current levels near $125,000.

Screenshot 1 — BTC Realized P/L Ratio | Source: CryptoQuant

However, Darkfost highlighted a structural shift as the average net taker volume on derivatives recovered from an extreme –$400 million low to neutral. This transition signals reduced selling pressure and improved demand from derivative buyers, strengthening market stability after weeks of volatility.

BTC NetTakerVolume | Source: CryptoQuant

As whales reposition, miners ease selling, and derivatives rebalance, analysts view current conditions as a potential setup for renewed accumulation.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.