Shocking! Ancient Bitcoin whales sell BTC to invest in ETH, with $1.3 billion in chips fully staked, 275,500 ETH locked up causing market tremors

The crypto market sees heavyweight capital migration again! According to BlockBeats, on August 25, on-chain data revealed significant movements—two ancient whales deeply involved in Bitcoin completed key operations in the past four days: selling their Bitcoin, significantly increasing their holdings in Ethereum, and then staking all the newly acquired ETH, accumulating a total locked amount of 275,500 ETH, which, based on current market prices, is worth over $1.3 billion.

From selling BTC to heavily investing in ETH, and then fully staking and locking it, the coherent actions of these two whales not only demonstrate strong confidence in the Ethereum ecosystem but also inject significant momentum into the ETH staking market with $1.3 billion in funds. The strategic shift behind their actions has also sparked a new round of discussions in the market regarding the flow of funds between BTC and ETH.