Whale sells 1,601 BTC to buy 53,095 ETH worth $132M
- —1,601.1 BTC sold and 53,095 ETH bought over five days
- —Average ETH purchase price was $2,497
- —288.9 BTC sold and 9,820 ETH bought in the last 24 hours
- —The moves were flagged by on-chain analyst Ember
Why it matters: The large rotation from bitcoin into ether may point to shifting preferences among major holders, though a single wallet is not enough to gauge overall market flows.
Source: TokenPost