Last night's '3 AM scare' in the crypto world is still fermenting—Bitcoin suddenly plunged, 628 million dollars in liquidated funds evaporated, 140,000 accounts wiped out overnight, and the largest single order of 12.48 million dollars was directly 'turned to ashes'.

Who is stirring the winds and clouds? It turns out to be an 'ancient giant whale' that has been 'asleep for 7 years'. Back then, he hoarded Bitcoin at a cost of 10 dollars, and now each one he sells is worth 110,000 dollars, this wave of selling directly dealt the market a 'sudden punch'.

But what's even more explosive is: he didn't exit the market, but instead converted all his BTC to ETH! Coincidentally, institutions have also been quietly increasing their positions in Ethereum recently—no wonder Bitcoin has been sluggish during this cycle, while Ethereum has surged ahead.

Is the 'relay baton' of Bitcoin's era about to be passed to Ethereum? This synchronized betting by the whale and institutions may have already written the answer in the market.