A whale who held BTC for 7 years sold about $235 million worth of BTC in 24 hours and switched to ETH.

According to Ember's monitoring, a whale or institution that held 10,606 BTC for seven years sold 2,070 BTC (approximately $235 million) in the past 24 hours. Some of this money was used to purchase 30,367 ETH spot (approximately $131 million), while the remainder was used to open a long position of 78,000 ETH through futures contracts (valued at approximately $336 million). Currently, this whale still holds 8,437 BTC (approximately $960 million), and it is expected that this shift to ETH will continue.