At dawn, $ETH broke through new highs, reaching around 4957, while Bitcoin spiked to 110484. Many ancient BTC whales have recently suddenly sold their BTC, which they have held for years to decades, and have switched to holding ETH. After so many years of faith, this asset swap operation is a bit confusing. The drop at dawn may be due to a certain Bitcoin whale selling more than $2 billion worth of BTC in favor of holding ETH. This whale sold over 24,000 BTC, including coins that had not been touched for more than 5 years, and today alone sent over 12,000 BTC to the Hyperunite trading platform. So far, they have sold BTC worth over $2 billion and are dumping the remaining $BTC . Most of the funds have been transferred to Ethereum, purchasing $2 billion and mortgaging over $1.3 billion.
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