Analysis: Whales expect ETH to outperform BTC, and this trend will be strengthened if an ETH staking ETF is approved

QCP Capital, a Singapore-based crypto investment firm, reported that an early Bitcoin holder sold approximately 24,000 Bitcoins (approximately $2.7 billion) during low market liquidity on Sunday. Bitcoin's post-Jackson Hole rally quickly faded and led to a flash crash, wiping out approximately $500 million in leveraged positions within minutes. Previously, Bitcoin had been trading in a narrow range, while Ethereum continued to reach new highs. This trend persisted for about a week, with the conversion of old Bitcoin wallets to Ethereum pushing the exchange rate above 0.04. Ethereum led the gains.