As Ethereum hits a new high, whales are making big waves! 11 years of holdings in ETH have earned a profit of 4.7 million USD, while a mysterious hacker has cashed out 2 million USD in just 4 days.

The cryptocurrency market experienced concentrated operations by whales over the weekend, with Ethereum reaching a historic high and then seeing significant profit-taking, with a single transaction yielding over 4.7 million USD. Meanwhile, a mysterious hacker made a net profit of 2 million USD through precise swing trading over 4 days, and a new wallet invested 51 million USD to aggressively build a position. Rare position switching among Bitcoin and Ethereum whales has intensified the bull vs bear battle in the market.

1. The overall market is under pressure, while Ethereum is hitting a new high against the trend.

According to BeInCrypto data, the total market value of Crypto Assets fell by 2.2% over the weekend, but Ether rose against the trend and broke through its historical high. Whales showed significant differentiation in their operations at this historical high: some chose to take profits from holdings that lasted for 11 years, while new funds aggressively entered the market to build positions.

2. Classic Profit Taking: 11-Year-Old Whale Cashes Out $4.7 Million Profit

OnChain Lens monitoring shows that a certain Whale transferred 1,962 ETH held for 11 years to a CEX, realizing a profit of 4.7 million dollars. The holding cost was only 240 dollars per ETH, with an impressive return on investment of 1,850%, perfectly illustrating the value of a long-term holding strategy.

3. Mysterious Hacker's Precise Swing Trading: $2 million profit in 4 days

On-chain analyst EmberCN discovered a more astonishing operation: an unknown hacker bought 5,001 ETH for 21.76 million DAI (unit price 4,352 USD) on August 21, and four days later sold all for 23.8 million DAI (unit price 4,760 USD), netting a profit of 2.04 million USD. This hacker currently still holds a stablecoin position of 46.13 million USD, indicating potential further operations.

4. Institutional funds are making significant moves: A new wallet invested $51 million to Build a Position.

Contrary to profit-taking operations, three newly created wallets received 10,600 ETH (worth $51.04 million) from Galaxy Digital, indicating that institutional-level funds are still actively positioning themselves. Meanwhile, another whale (0x3f..b794) withdrew 10,000 ETH (worth $47.68 million) from a mainstream CEX, suggesting optimism for the future market.

5. Bitcoin Whales Shift to Ethereum: $1.3 Billion Reallocation

The most striking is the old Bitcoin whale switching to Ethereum:

• August 23: Sell 4,300 BTC to buy Ethereum
• August 24: Sold another 6,000 BTC to continue buying ETH, accumulating a total of 278,490 ETH (average price $4,585), with a total value of $1.28 billion. Currently holding 135,000 ETH ($581 million) long position. This move may signal the beginning of a rotation of funds from Bitcoin to Ethereum.

6. Altcoin market synchronous movement: LINK and SOL received large increases in holdings.

Whale activity is not limited to mainstream coins:

1. Chainlink: A certain Whale sold 123,500 LINK ($3.13 million) but still holds 425,000 LINK ($10.8 million)

2. Aerodrome Finance: Investors sold 2.038 million AERO for a profit of 1.04 million USD.

3. Bio Protocol: Transfer 12 million BIO to mainstream CEX for a 4.5x return (initially $850,000 now worth $3.78 million)

4. Solana: A newly created wallet withdrew 80,254 SOL (16.28 million USD) from Binance.

5. In-depth Comparison: Analysis of Whale Behavior Patterns of Bitcoin and Ethereum

6. Position Cycle Differences

   1. Bitcoin Whale: Average Holding Period 3.2 Years
   2. Ethereum Whale: Average Holding Period 1.8 years

7. Comparison of Operation Frequency

   1. Bitcoin: Whales have an average of 4.3 operations per year.
   2. Ethereum: Whale's average operation frequency is 11.7 times a year

8. Profit Realization Strategy

   1. Bitcoin whales tend to hold long-term (89% of positions are held for over 1 year)
   2. Ethereum Whales are more engaged in swing trading (62% of positions held for less than 6 months)

9. Position Adjustment Motivation

10. Bitcoin whales' position adjustments are primarily driven by macro factors. 2. Ethereum whales are more focused on ecological development and technological upgrades

11. Market Impact: Whale Operations Indicate Future Trends

Weekend Whale activity reveals two key signals:

1. Some funds choose to take profits at historical highs.
2. Institutional-level funds continue to flow in. According to historical data, when the ratio of the amount realized by whales to the amount of positions built is below 1.5, the probability of a subsequent market increase reaches 73%.

[Conclusion]

Whale operations over the weekend show an increasing divergence in the market between bulls and bears, but the continuous inflow of institutional-level funds still provides strong support. Investors are advised to closely monitor the changes in whale addresses, especially the trend of position switching from Bitcoin to Ethereum. For retail investors, following whale operations requires caution regarding time lag risks, and a long-term holding strategy remains the best choice.