Whale sells 1,308 BTC for $104M and buys 40,670 ETH, stakes all of it
- —Whale sold 1,308 BTC worth $104M over six days
- —Bought 40,670 ETH in exchange
- —On Sept. 22 swapped 200.71 BTC for 6,247 ETH worth $17.2M
- —All acquired ETH was staked
Why it matters: The rotation from bitcoin into staked ether signals whale demand for ETH yield rather than short-term trading.
Source: Bloomingbit