Bitcoin Whale Continues Massive Ethereum Purchases, Holding Over $3.8 Billion

A major Bitcoin investor, who held assets worth $11 billion in BTC, sold 2,000 BTC on Monday and bought 48,942 ETH within four hours, reported by LookOnChain. This investor had also sold 4,000 BTC last Sunday to acquire 96,859 ETH, continuing the trend of transferring funds from BTC to ETH. The cumulative Ethereum holdings of this investor have reached 886,317 ETH, which is approximately worth $3.8 billion at current market prices. Since awakening from a seven-year dormancy in August, this major investor has been making large-scale rotations, purchasing $2.5 billion worth of Ethereum in just one week...