Bitcoin Whale Shifts to ETH With $295 Million Long Position

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A major Bitcoin whale who has diamond-handed Bitcoin for the last seven years has sold off some of its bag to open a long position in Ether (ETH), joining a recent wave of Bitcoin whales opening up to Ethereum. 

The OG whale sold 670 Bitcoin (BTC) for $76 million on Wednesday, then used those funds to go long across four positions, totaling 68,130 ETH, Lookonchain said in an X post on Thursday.

Before the sale, the whale had 14,837 Bitcoin worth over $1.6 billion, dating back to purchases from crypto exchanges Binance and HTX over seven years ago.

It…



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Bitcoin Whale Shifts to ETH With $295 Million Long Position


A major Bitcoin whale who has diamond-handed Bitcoin for the last seven years has sold off some of its bag to open a long position in Ether (ETH), joining a recent wave of Bitcoin whales opening up to Ethereum. 

The OG whale sold 670 Bitcoin (BTC) for $76 million on Wednesday, then used those funds to go long across four positions, totaling 68,130 ETH, Lookonchain said in an X post on Thursday.

Before the sale, the whale had 14,837 Bitcoin worth over $1.6 billion, dating back to purchases from crypto exchanges Binance and HTX over seven years ago.

It…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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