ChainCatcher message, according to on-chain analyst Yu Jin's monitoring, a whale/institution holding 10,606 BTC for 7 years with a profit of 1.12 billion USD has sold 2,070 BTC (235 million USD) in the last 24 hours.

A portion of the funds from selling BTC was used to buy 30,367 ETH (131 million USD) in spot; another portion was used to open a long position of 78,000 ETH (position value 336 million USD) through contracts. They currently still hold 8,437 BTC (960 million USD) and may continue to shift positions into ETH.