Deep Tide TechFlow News, August 22, according to on-chain analyst Spot On Chain (@spotonchain), two whales holding Bitcoin for over 7 years are selling BTC to switch to ETH. In the past two days, these whales sold 4,621.9 Bitcoins (approximately $523.5 million) through 3 wallets while purchasing 82,398 Ethereum (approximately $353.65 million) and storing them in 2 wallets. Additionally, they opened long positions for 135,265 Ethereum (approximately $583.7 million) on the Hyperliquid platform through 5 wallets, with liquidation prices primarily between $3,487.4 and $3,612. It is worth noting that these whales still hold 84,645 Bitcoins (approximately $9.55 billion), and the Bitcoin sell-off and Ethereum buy-in operations are still ongoing.

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