Bitcoin’s price rally is reshaping the crypto capital rotation trade, with whale activity showing where large holders are positioning beyond $BTC. While Bitcoin remains the core institutional asset, Ethereum, Solana, $XRP and Hyperliquid are attracting fresh attention as traders seek stronger relative performance and higher-beta opportunities. The latest market data shows a split in positioning: whales continue buying Bitcoin on weakness while selective capital moves into altcoins with stronger momentum and clearer catalysts.

Ethereum Attracts Heavy Whale Positioning

Ethereum is emerging as the leading large-cap alternative for fresh crypto risk exposure. A whale recently opened an approximately $44.85 million $ETH perpetual long…