Bitcoin Whale Buys $3.6 Billion in Ethereum: Market Awaiting Institutional Momentum

A prominent Bitcoin investor has purchased nearly 820,220 Ether tokens, worth over $3.6 billion, in the past two weeks, marking one of the largest cross-cryptocurrency accumulation moves observed this year. This concentrated buying activity suggests a significant shift from Bitcoin-focused investments into Ethereum’s ecosystem. Market analysts predict that this whale’s decision could potentially influence broader institutional sentiment and trigger more substantial investment flows into Ethereum, but some experts remain cautious about short-term price fluctuations. 820,220 Ether tokens were distributed across multiple wallet addresses and their distribution pattern suggests a strategic approach rather than single transaction buying.