🚨 The Trader Who Called $ETH Top Just Made a Very Different Bet
In late 2025, one address sold 50,600 $ETH at an average price of $2,921, locking in roughly $19M in profit before Ethereum continued lower.
With $ETH now around $2,510, that exit still looks remarkably well-timed.
Then the wallet went silent. 👀
For eight months, it didn't chase other altcoins, didn't follow the summer rally, and didn't make another major move.
Until now.
Over the past four days, the wallet began accumulating $BTC:
🔹 85.42M USDC converted
🔹 1,075.6 BTC purchased
🔹 Average price: $79,412
🔹 Routed through THORChain
With $BTC now around $77,200, the position is approximately $2.35M underwater.
The wallet still holds roughly $74.32M in stablecoins, however.
⏳ The timing is what makes this interesting.
The BTC position was built gradually over four days rather than bought all at once, while markets are pricing in a meaningful possibility of a Fed rate hike on September 16.
Bitcoin has also repeatedly struggled around the $80K area this month.
So the bigger question is:
Is this trader seeing value in Bitcoin before the broader market does? 👀
One thing is clear: the market hasn't confirmed that thesis yet
In late 2025, one address sold 50,600 $ETH at an average price of $2,921, locking in roughly $19M in profit before Ethereum continued lower.
With $ETH now around $2,510, that exit still looks remarkably well-timed.
Then the wallet went silent. 👀
For eight months, it didn't chase other altcoins, didn't follow the summer rally, and didn't make another major move.
Until now.
Over the past four days, the wallet began accumulating $BTC:
🔹 85.42M USDC converted
🔹 1,075.6 BTC purchased
🔹 Average price: $79,412
🔹 Routed through THORChain
With $BTC now around $77,200, the position is approximately $2.35M underwater.
The wallet still holds roughly $74.32M in stablecoins, however.
⏳ The timing is what makes this interesting.
The BTC position was built gradually over four days rather than bought all at once, while markets are pricing in a meaningful possibility of a Fed rate hike on September 16.
Bitcoin has also repeatedly struggled around the $80K area this month.
So the bigger question is:
Is this trader seeing value in Bitcoin before the broader market does? 👀
One thing is clear: the market hasn't confirmed that thesis yet
