Whale Shifts $173 Million from Bitcoin to Staked Ethereum
A significant cryptocurrency investor has made a notable move in the market, selling 1,107 Bitcoin (BTC) over the past five days for approximately $86.76 million.
The investor then used about $86.5 million to purchase 34,422 Ether (ETH), staking the entire holding.
According to on-chain analytics firm Lookonchain, this transaction suggests that the whale is continuing to shift funds from BTC into ETH.