This pin indicates that the whale of Daping $BTC has switched from Daping to Ethereum for offloading. This offloading can be quickly digested.

It's a positive sign for Ethereum!

No need to panic; the spot market is poised for a rise.

Latest news: Today's #Bitcoin flash crash has resulted in $310 million in long positions evaporating, traced back to a Bitcoin whale selling BTC to hold ETH instead.

This whale sold over 24,000 BTC, including coins that had not moved for over 5 years, sending over 12,000+ #BTC to the Hyperunite trading platform just today.

So far, they have sold over 18,000 BTC ($2B) and are offloading the remaining 6,000 BTC ($670 million). Most of the funds have been moved to Ethereum, purchasing $2B and collateralizing $1.3 billion.