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A massive transfer by a Bitcoin whale has the crypto market buzzing once again. On October 7, blockchain analysts in Indonesia flagged a jaw-dropping $363.9 million Bitcoin transfer from a wallet holding over $10 billion in BTC. Investors immediately reignited speculation that the whale may be gearing up for another Ethereum accumulation wave, echoing a similar play from two months ago.
Bitcoin Whale Transfer Causes Buzz in Crypto Circles
As of October 9, 2025, Bitcoin (BTC-PKR) is trading at $122,000, showing a slight 0.32% drop in the last 24 hours.
The whale wallet, nicknamed “Hyperunit-BTC-Whale”, moved 3,000 BTC to Hyperunit, a platform known for handling large-scale custodial trades. Notably, the same wallet previously executed a multi-billion-dollar BTC transfer through Hyperunit before purchasing $5 billion in Ethereum, a move that pushed ETH’s price up nearly 8% in just 48 hours.
Ethereum Accumulation Trend May Be Strengthening
On September 12, ETH price briefly spiked to $4,700 following the whale’s previous transaction. With this latest transfer, rumors are once again swirling about a possible BTC-to-ETH rotation. Analysts suggest this could be part of a larger accumulation pattern seen throughout Q3 2025, as whale wallets steadily increased their ETH exposure.
Earlier this year, a Satoshi-era wallet containing over 1,000 BTC also sprang back to life for the first time in more than a decade, further signaling heightened whale activity in 2025. A couple of months ago, a major whale deployed $215 million in Bitcoin converted into Ethereum via the decentralized exchange Hyperliquid.
Arkham on X reported the whale activity on X with some possible correlations as:
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
Technical Indicators Show Post-Rally Correction
BTC touched a local high of $125,000 earlier this week but then fell 2.76%, with its RSI at 61.1, hinting at profit-taking. ETH, too, saw a 4.4% decline to $4,479, with an RSI of 54.07, indicating neutral momentum as traders brace for potential whale-driven inflows.
If Hyperunit’s latest move mirrors the earlier ETH accumulation play, the crypto market could see renewed volatility and a potential short-term spike in ETH prices.
Large whale movements often signal market sentiment shifts before broader trends form. If this transfer follows the previous BTC-ETH pattern, traders could see short-term price swings and possibly a fresh rally if accumulation continues.
