AMLBot

Bitcoin whale 'awakens' after 7 years, shifts focus to Ethereum

A long-time Bitcoin whale, holding 14,837 $BTC worth 1.67 billion USD, has recently attracted attention by selling approximately 670 BTC (~75 million USD) to open a leveraged long position on Ethereum.

According to data, three out of four of these positions use 10x leverage, with a nominal scale of up to 209 million USD. This move indicates a strategic pivot: instead of holding Bitcoin, the investor is betting heavily on the growth potential of Ethereum, the second-largest cryptocurrency in the world.

Currently, $ETH is trading around 4,296 USD, up 4.1% on the day but still down 6.4% compared to last week. Experts believe this is a 'bullish' signal for ETH, as large capital flows from Bitcoin whales are shifting towards the leading altcoin.

Slava Demchuk, CEO of #AMLBot , commented: this decision reflects confidence in the long-term growth of Ethereum and demonstrates the maturity of the crypto market. Unlike previous phases, the ecosystem is now capable of absorbing large transactions without causing price collapse.

This event follows a series of surprising activities from 'Satoshi-era' wallets, indicating that long-held BTC supply can still re-enter the market, increasing volatility but also reflecting capital flows seeking new opportunities beyond Bitcoin.

⚠️ Note: The information is for reference purposes only, not investment advice. #anhbacong