#BTCWhalesMoveToETH A WHALE LIQUIDATES 1.2 BILLION USD IN BTC, TRIGGERING A LIQUIDATION STORM OF 661 MILLION USD.

The market just experienced a tumultuous night as Bitcoin unexpectedly plummeted to around 110,000 USD. The cause has been traced to the sell-off by an anonymous whale.

The liquidation process was executed professionally:

Distribution: ~11,900 BTC (worth over 1.2 billion USD) was transferred to a new subsidiary wallet.

Transit: The entire amount of BTC was then sent to a wallet that may belong to an intermediary entity (OTC) or a cluster wallet from an exchange.

Execution: Finally, the BTC was deposited on Binance and sold on the market, causing a sudden crash and liquidating over 661 million USD in Long positions within just 24 hours.

Unusual highlight: While BTC was crashing, $ETH experienced a strong counter-trend movement, indicating that capital has not completely exited the market but is undergoing a rotation. This move created a perfect "two-sided sweep": liquidating Long BTC positions and possibly also liquidating Short ETH positions opened during the market's downtrend $BTC $ETH .