Whale Sells $87M in BTC to Buy and Stake Over $86M in ETH
A significant whale in the crypto market has made a notable move by selling 1,107 BTC worth approximately $86.76 million.
This transaction, reported by @lookonchain, highlights a rotation into Ethereum, with the whale then purchasing 34,422 ETH for about $86.5 million and staking it all.
The sale and subsequent purchase indicate a strong belief in Ethereum's value, especially as the broader market shows mixed signals.