A significant sell-off of Bitcoin by a large investor triggered a temporary market crash. However, this whale swiftly redirected billions into the surging Ethereum ecosystem, sparking continued bullish momentum for the altcoin. 24,000 BTC worth $2 billion was sold, resulting in an immediate Bitcoin price drop and impacting long positions with losses estimated at $310 million within hours. 18,000 BTC sold represents a total of $2 billion, while another 6,000 BTC remain on the table. A key analyst believes this shift reflects the whale’s strategy of capitalizing on Bitcoin’s recent downturn to invest in Ethereum and other alternative cryptocurrencies. Ethereum saw its price surge as traders flocked to the asset, solidifying its position as a market leader after gaining over 1.36% in the past week, reaching $4,723.13. Meanwhile, the overall crypto market cap dipped slightly due to Bitcoin’s decline, but Ethereum’s resilience prevented further losses.