💰The Whale Who Crashed Bitcoin (and Printed $185M on ETH)

PLUS: 401(k) Investors Just Got Permission to Buy Bitcoin — Bullish or Reckless?

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This is Smart Money Moves - the newsletter that gives the insights you need to make winning decisions and grow your wealth!

Let's see what we’ll discuss today:

• 📈 The Whale Who Crashed Bitcoin (and Printed $185M on ETH)

• ₿ 401(k) Investors Just Got Permission to Buy Bitcoin — Bullish or Reckless?

• ⚡ Crypto wallet labeled ‘Coinbase hacker’ buys $8M of Solana

Estimated reading time: 5 minutes

Crypto Fear & Greed Index

• BTC: $111,351 (-2.93%)

• ETH: $4,602 (-3.49%)

• SOL: $199.25 (-4.31%)

The Whale Who Crashed Bitcoin (and Printed $185M on ETH)

Bitcoin just had one of its wildest weekends this cycle.

👉 A $45B market cap wipeout in minutes
👉 A whale rotation into ETH worth $2B+
👉 BTC flash-crashed to $112K

Here’s how it all went down (and why OG whales are dragging this cycle):

1/ The OG whales

Willy Woo pointed out something that makes sense once you hear it:

Bitcoin’s oldest whales — the ones who bought in 2011 at $10 — are still sitting on massive stacks.

Source: Glassnode

Every time they sell, it takes $110K+ in new money just to absorb their coins.

That supply overhang is why BTC price action feels so heavy this cycle.

2/ The trigger

Last week, a whale started rotating 24,000 BTC ($2.7B) into ETH through Hyperliquid.

Of that, ~$2B worth of BTC is already sold → swapped into 416,598 ETH.

This wasn’t just a casual rebalance. It was the move that kicked off Sunday’s flash crash.

3/ The crash

At 7:31 pm UTC, Bitcoin sat at $114,666.
By 8:16 pm UTC, it hit $112,174.

👉 That’s a $45B market cap drop in under 45 minutes.

ETH also tanked ~4% alongside it, but both recovered about half the losses.

4/ The strategy

Turns out, this wasn’t just spot selling.

The whale also longed 135,263 ETH (exposure: ~$2.6B).

As ETH pumped from his spot buys, his longs printed a $185M profit.

Then, when he closed them, the cascade of sells slammed BTC lower.

“He frontran the people who were trying to frontrun him.”

5/ What’s next?

Here’s the scary part → this whale still holds 152,874 BTC in other wallets.

And another whale just dumped 670 BTC last week to open a long on ETH.

It’s looking more and more like:
👉 BTC = heavy supply, slow grind
👉 ETH = where big players are rotating

This cycle might be remembered less for “Bitcoin dominance” and more for OG whales slowly bleeding into ETH.

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• BTC: $118,733 (+0.66%)

• ETH: $3,808 (+2.88%)

• SOL: $190.98 (+6.62%)

401(k) Investors Just Got Permission to Buy Bitcoin — Bullish or Reckless?

Get ready to ruffle some feathers…

Because starting Aug 7, Trump signed an order that basically lets Americans put crypto in their 401(k) retirement plans.

Yep, the same 401(k) system that holds $8.9 trillion in assets. If even a sliver of that flows into Bitcoin → we could see serious fireworks in the market.

But let’s break it down, nice and simple:

1/ What actually happened?

Trump signed an executive order called “Democratizing Access to Alternative Assets for 401(k) Investors.”

Translation: 401(k)s (the most common retirement plan in the US) can now invest in things like:

• Private equity

• Real estate

• Commodities

• Infrastructure projects

• And yes… crypto products

This is huge because 401(k)s are tax-advantaged and employer-backed — aka mainstream money.

2/ Why crypto people are excited

Think about it: retirement funds = giant, steady rivers of capital.

If Bitcoin and other crypto get included, that’s a constant flow of money into the space. Some experts are already throwing out predictions like: “Bitcoin at $200,000 by year end.”

Others say this move could make Bitcoin more stable long term, since passive retirement investing tends to calm down volatility.

3/ Why some people are worried

Here’s the catch: 401(k)s are designed to be safe and boring.

Crypto? Not exactly known for either of those. A 40% drop in a week isn’t unheard of. Imagine logging into your retirement account and seeing half your savings gone.

That’s why lawyers and financial experts are warning this could be a “fiduciary minefield.”
Biggest red flags:

• Volatility (Bitcoin moves fast — up and down)

• High fees (some crypto funds charge 1–2%+ vs. 0.26% for most 401(k) investments)

• Complexity (airdrops, forks, staking, tax mess… not exactly retirement-friendly)

4/ So what’s the takeaway?

Trump just cracked open the door for retirement money to flow into crypto.

This could bring massive adoption and higher prices. But it also raises big questions: should something as volatile as Bitcoin be tied to America’s retirement safety net?

For now, here’s the TL;DR:

• Short term → bullish for crypto.

• Long term → retirement plans might not be ready for this rollercoaster.

So… would you put Bitcoin in your 401(k), or is that just asking for a heart attack every time the market dips?

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.