Whales are active: Someone is buying ETH with Bitcoin! Is this a rotation signal?
Just now, a large holder sold 73.4 cbBTC (approximately 8.02 million USD) and turned around to buy 2,890 ETH at **$2,775**!
This is not just a simple swap action, but rather capital is voting with its feet:
After a strong BTC market, large funds are quietly betting on Ethereum for a catch-up!
My core view:
The current market is in a mainstream coin rotation window, first BTC dominates, and next it is very likely to be ETH's turn to power up.
Whales choosing to build positions significantly below ETH 2800 indicates that this price range is seen as a value pit in their eyes.
Positive for the market:
1️⃣ Indicates that ETH has not been marginalized; instead, it is an important relay baton for the next wave of market
2️⃣ If such whale operations increase, ETH will experience a rapid concentration of chips, propelling a technical breakout
But don't forget:
If ETH fails to keep up with the rhythm, this rotation arbitrage behavior may cause some retail investors to chase and get stuck
Watch if ETH can stabilize above 2800 in the short term; only then can it open up upward space; otherwise, there is still a risk of volatility
Brothers:
The market never waits for anyone; smart capital is already adjusting positions, are you still hesitating whether to get on board?
ETH may be the most worth-watching 'low-flying aircraft' next!
