Bitcoin Whale Diversifies Into Ethereum: Sells Millions for Long Positions

A prominent Bitcoin investor, known for holding large BTC holdings for over seven years, recently sold 670 Bitcoin worth $76 million. This strategic move saw the whale invest heavily in Ethereum (ETH) with leveraged long positions, accumulating a total of 68,130 ETH. The sale coincides with a growing trend among Bitcoin whales to diversify into Ethereum, reflecting increased confidence in ETH’s potential for growth.