Bitcoin Whale Reallocates $435 Million, Driving Ethereum Accumulation

A prominent Bitcoin OG whale recently executed a substantial transaction, selling 4,000 BTC worth approximately $435 million and purchasing 96,859 ETH for $433 million. This move highlights a shift in asset preference by long-term market participants who are increasing their Ethereum holdings. The sale of Bitcoin suggests a growing confidence in Ethereum and its potential role within financial markets. Analysts believe this transaction may impact Ethereum’s price trajectory and lead to increased speculation. 10,000 ETH price targets are predicted based on this event.