Bitcoin has slid to its weakest level in more than a month after major investors began unloading thousands of coins in favor of Ethereum.
Data from Encryption Asset trading fell nearly 3% in a day to around $111,600 on Monday, marking its lowest mark since early July.
The sale erased profits from just a week ago. Bitcoin quickly rose $117,000 in September on speculation that the Federal Reserve could cut interest rates.
Instead, massive sales pressure from one of the network’s older and wealthier wallets reversed the momentum and heavier in the wider market.
Whale throws away bitcoin for Ethereum
According to LookonChain, early Bitcoin investors who originally received more than 100,000 BTC seven years ago are actively spinning towards Ethereum.
Over the past five days, the wallet has deposited approximately 23,000 btc, valued at around $2.6 billion, on dispersed exchange polymeric meat. These sales were followed by a fairly long position with a purchase of around 473,000 ETH worth $2.2 billion.
The whales have since been making partial profits, closing more than 95,000 ETH Longs at an average price of $4,735 at $33 million.
Meanwhile, revenues have since been reinvested in additional ETH spot purchases, with over 23,500 tokens worth a total of $108 million.
Despite trimming the exposure, the address continues to hold more than 40,000 ETH in open long positions of over $11 million with unrealized profits
High liquids take advantage of trading frenzy
Aggressive relocation lifted the largest distributed permanent exchange, high lipid trading activity.
According to the platform, spot trading volume on the platform reached a record $3.4 billion in 24 hours, placing it second in all centralized and decentralized venues for Bitcoin spot trading. BTC trading alone accounted for $1.5 billion over that period.
addition:
“This (trading volume) is on par with Coinbase and Bibit BTC spot volumes, bringing BTC/USDT to BINANCE.”
Meanwhile, heavy activity has helped high lipids generate more than $4.7 million in trading fees per day. Some of these fees were allocated to the exchange’s native hype token repurchase in subside, units that contributed almost $1.9 million to the process.
Bitcoin Market Data
When reporting 11:56am UTC, August 25, 2025Bitcoin ranks number one in terms of market capitalization, and the price is under 3.33% Over the past 24 hours. Bitcoin has a market capitalization 2.21 trillion dollars 24-hour trading volume $813.8 billion. Learn more about Bitcoin›
Overview of the Crypto Market
When reporting 11:56am UTC, August 25, 2025Crypto market totals are evaluated by $3.84 trillion There is a 24-hour volume $2276.8 billion. Bitcoin’s advantage is currently underway 57.56%. Crypto Market Details›