Bitcoin Whale’s $2.6B Move Triggers Market Crash, Shifting Capital to Ethereum

A massive Bitcoin sale by a long-dormant whale has shaken the crypto market, causing a sudden price drop and prompting capital shifts towards Ethereum. This significant transaction saw the release of 24,000 BTC worth approximately $2.6 billion, leading to a notable decline in Bitcoin’s market value. The whale’s strategic move resulted in a substantial injection of funds into Ethereum, with 275,500 ETH, roughly $1.3 billion, immediately staked. This shift is indicative of the growing appeal and ecosystem strength of Ethereum, particularly amidst market volatility.