Long-Inactive Bitcoin Whale Sells BTC and Buys Large Volumes of Ethereum! Here Are the Details

According to data shared by on-chain analysis platform Lookonchain, a “Bitcoin whale” that has been inactive in the market for a long time has made a remarkable transaction ￰0￱ Whale Makes Huge Move: Sold 2,000 BTC and Bought 48,942 ETH The whale in question sold 2,000 Bitcoins (approximately $215 million) and purchased 48,942 Ethereum (ETH) for the same value in the last four ￰1￱ to the data, this investor stands out not only with his recent moves but also with his long-standing strategic ￰2￱ whale has reportedly accumulated a total of 886,400 ETH to date, reaching a market capitalization of $4.07 ￰3￱ amount is among the highest wallet balances among individual investors in the Ethereum ￰4￱ activity in cryptocurrency markets is considered a key indicator of price ￰5￱ believe this whale's accelerated Bitcoin sales and shift to Ethereum indicate that ETH is becoming increasingly prominent in investment ￰6￱ particular, increasing institutional interest in spot ETH ETFs and record increases in transaction volume on the network may be the reason for this ￰7￱ analysts say that purchases of this scale could provide support to the Ethereum price in the medium term, but could also increase selling pressure on ￰8￱ new moves the whale will make in the coming days are among the main developments that investors will closely follow. *This is not investment ￰9￱ Reading: Long-Inactive Bitcoin Whale Sells BTC and Buys Large Volumes of Ethereum!

Here Are the Details