Bitcoin Whale Sells Major Bitcoin Position, Opens Leveraged Ethereum Long

A prominent cryptocurrency investor recently sold a significant portion of their Bitcoin holdings, selling 1,000 BTC at an average price of $109,684. This transaction generated approximately $110 million in revenue. Following the sale, the investor initiated a leveraged long position on 96,452 ETH, valued at $433 million, with a fivefold leverage. The liquidation price for this position is set at $3,458.8.