Bitcoin Whale Transacts $1.1 Billion Into Ethereum, Triggering Market Volatility

A high-net-worth Bitcoin investor recently transferred a staggering $2.7 billion worth of BTC, with over $1.1 billion being allocated to Ethereum. This significant transaction has sparked market fluctuations, impacting both Bitcoin and Ethereum prices. Experts attribute this shift in investment strategy to the growing appeal of Ethereum for staking activities and its continued growth in institutional adoption.