The post Ethereum whale loads up as Bitcoin consolidates – Bold move or a trap? appeared on BitcoinEthereumNews.com.

Ethereum lags behind Bitcoin, unable to reclaim its cycle high, while BTC hits fresh all-time highs. Whales hint at a strategic rotation play — will it pay off? Ethereum [ETH] trails Bitcoin [BTC], and the weekly structure couldn’t make it more obvious. As BTC surged to fresh all-time highs, ETH couldn’t even retest its own cycle peak at $2,737, let alone challenge the psychological $3k barrier.  Interestingly, this local peak on the 13th of May wasn’t driven by pure strength. It was more of a tactical capital rotation move, popping up while BTC was consolidating tightly between $101k and $103k. Now it looks like smart money’s setting the stage for a rerun. One whale just dropped $60 million on ETH long at $2,666, right as BTC took a sharp 3.79% hit on the 23rd of May. Is this a savvy early strike or a high-risk play? Whales position for a rotational bounce Bitcoin consolidation has historically sparked capital rotation into altcoins. Ethereum demonstrated this perfectly with a sharp 21.76% single-day surge on the 8th of May. As BTC met resistance at the $103k supply wall, ETH took advantage, breaking above $2,700 in under five days. That’s a staggering near 50% rally within just one week. Source: TradingView (ETH/BTC) A similar trend is unfolding now. After BTC took a sharp 3.79% nosedive, whales loaded up on ETH with a $60 million long.  But the gamble didn’t quite pay off. At press time, ETH has slipped back to $2,564. If this isn’t just a quick “dip”, that whale’s sitting on the edge of forced liquidation, a scenario that’s starting to look like a ticking time bomb. Ethereum holds its line The ETH/BTC breakout odds? Still looking slim. Bitcoin’s back in the spotlight, reclaiming $109k and dragging capital with it as FOMO rebuilds. With…

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Filed under: News - @ May 24, 2025 10:24 pm