Veteran Crypto Whales Shift Funds, Diversifying into Ethereum

A prominent Bitcoin investor who has held their assets for over seven years recently made a strategic move: shifting a portion of their billion-dollar fortune into Ethereum. This trend mirrors an increasing trend amongst large crypto investors to diversify beyond Bitcoin. 670 Bitcoin, worth $76 million, were sold by this whale on Wednesday. This capital was then allocated toward buying Ether through multiple positions totaling 68,130 ETH. The trades occurred across four separate transactions and employed leverage for a portion of the investment.