According to Spot On Chain, two whales who have held Bitcoin for seven years are selling BTC for ETH. Over the past two days, these whales have sold 4,621.9 Bitcoin (approximately $523.5 million) through three wallets, while simultaneously purchasing 82,398 Ethereum (approximately $353.65 million) stored in two wallets. Furthermore, they have long positions of 135,265 Ethereum (approximately $583.7 million) on the Hyperliquid platform through five wallets, with liquidations primarily occurring between $3,487.4 and $3,612. Notably, these whales still hold 84,645 Bitcoin (approximately $9.55 billion), and their Bitcoin sell-off and Ethereum buy-in continue.
Two major Bitcoin whale, each holding over 100,000 Bitcoin, are selling BTC for ETH.
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