Bitcoin slipped to its lowest level in more than a month after a major investor began to unload thousands of pieces in favor of Ethereum.
Data from Cryptoslate Show the active to around $ 111,600 on Monday, down almost 3% in a single day and its lowest note since early July.
The sale erased the gains for a week earlier, when Bitcoin joined briefly above $ 117,000 on speculation, the federal reserve could reduce interest rates in September.
Instead, a strong sale pressure of one of the older and richer portfolios of the network reversed the momentum and weighed on the larger market.
Whale discharges bitcoin for Ethereum
According to LookonchainA first Bitcoin investor who originally received more than 100,000 BTC seven years ago has actively filmed in Ethereum.
Over the past five days, the portfolio has exceeded nearly 23,000 BTC, worth around 2.6 billion dollars, on a decentralized exchange hyperliquid. These sales were followed by the purchase of around 473,000 ETH worth $ 2.2 billion, as well as the opening of a long substantial position.
The whale has since made partial profits, ending more than 95,000 long eth eths at an average price of $ 4,735 to $ 33 million.
Meanwhile, the product has since been reinvested in additional ETH points purchases, totaling more than 23,500 tokens worth $ 108 million.
Despite the exhibition at the Cup, the address continues to have more than 40,000 ETH in long open positions with more than $ 11 million in unrealized gains
Hyperliquid uses trading frenzy
Aggressive repositioning has also raised commercial activity on hyperliquid, the greatest decentralized perpetual exchange.
According to the platformThe spot trading volumes on the platform reached a record of $ 3.4 billion in 24 hours, which placed it second among all the centralized and decentralized sites for Bitcoin points trading. BTC Trading alone represented $ 1.5 billion in volume during this period.
He added:
“This (trading volume) has exceeded BTC bridged volumes combined and is close to BTC / USDT on Binance.”
Meanwhile, heavy activity helped the hyperliquidal to generate more than $ 4.7 million in negotiation costs in a single day. Part of these fees was allocated to the acquisitions of the exchange token native of the exchange, with its subsidary, a unit, contributing to nearly 1.9 million dollars to the process.
Bitcoin market data
At the time of the press 11:56 a.m. UTC August 25, 2025Bitcoin is classified n ° 1 by market capitalization and the price is down 3.33% In the past 24 hours. Bitcoin has a market capitalization of $ 2.21 with a 24 -hour trading volume of 81.38 billion dollars. Learn more about Bitcoin ›
Summary of the cryptography market
At the time of the press 11:56 a.m. UTC August 25, 2025The total crypto market is assessed at 3.84 dollars with a volume of 24 hours of $ 227.68 billion. Bitcoin domination is currently at 57.56%. Learn more about the cryptography market ›
