An old Bitcoin whale has made another significant move by transferring an additional 6,000 $BTC, worth approximately $689.5 million, to buy Ethereum.
To date, this investor has accumulated a total of 278,490 $ETH, with an estimated value of about $1.28 billion, corresponding to an average price of $4,585 per coin.
Notably, after consecutive large transactions, he is still maintaining a long-term buying position with 135,265 $ETH, equivalent to about $581 million.
This indicates a strong confidence in the growth potential of Ethereum in the upcoming period, even as the cryptocurrency market remains highly volatile.
The 'pivot' move from BTC to ETH by a Bitcoin OG also suggests a trend of reallocating capital among investors, while raising predictions about Ethereum becoming a focal point in a new growth cycle.
