Ethereum Whale Makes a HUGE Bitcoin Bet! 🤯
An Ethereum OG is making a massive move, swapping
$ETH for $BTC. This isn't a small shift – we're talking about 14,146 ETH ($44.3M) converted to 492 WBTC in just 7 hours! This whale accumulated 21,000 ETH between 2019-2023 at an average price of $2,922.Interestingly, this happens during an ETH price rally (up 5.94% weekly!), suggesting the move isn't about fleeing a sinking ship. It's the second major exit from ETH in 24 hours, following another whale’s move into gold.
But don’t panic! While some are heading for the exit, others are doubling down on
$ETH . Large inflows are still happening – whales recently purchased 12,166 ETH ($38.09M) and 5,104 ETH ($16.09M), and Bitmine has staked a further $259M worth of ETH. Spot Ethereum ETFs also saw $174M in net inflows.
This whale activity highlights the dynamic nature of the crypto market. 👀
#Ethereum #Bitcoin #WhaleWatching #CryptoNews 🚀