tldr; A Bitcoin whale, dormant for seven years, has sold $337 million worth of BTC to accumulate $215 million in Ethereum (ETH) and opened $577 million in ETH long positions, according to Lookonchain. The whale’s activity includes selling BTC, buying ETH spot, and opening massive ETH longs. Another address, likely linked to the same trader, is also selling BTC to buy ETH. The whale’s ETH holdings have seen unrealized gains as Ethereum’s price surged above $4,600, with ETH trading at $4,787 at the time of reporting.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
maynavira on
Just wow.
SenseiRaheem on
Man, whoever did it is going to get guac on their Chipotle order tonight.
NochillWill123 on
Going long now? Lol good luck .
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tldr; A Bitcoin whale, dormant for seven years, has sold $337 million worth of BTC to accumulate $215 million in Ethereum (ETH) and opened $577 million in ETH long positions, according to Lookonchain. The whale’s activity includes selling BTC, buying ETH spot, and opening massive ETH longs. Another address, likely linked to the same trader, is also selling BTC to buy ETH. The whale’s ETH holdings have seen unrealized gains as Ethereum’s price surged above $4,600, with ETH trading at $4,787 at the time of reporting.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Just wow.
Man, whoever did it is going to get guac on their Chipotle order tonight.
Going long now? Lol good luck .