A certain ancient whale has sold 3100 BTC and bought 50,522 ETH, going long with 5x leverage on 135,000 ETH.

BlockBeats News, August 22, According to Chainalysis, a whale/institution holding 10,606 BTC for as long as 7 years has realized a profit of $1.12 billion. The whale/institution has currently sold 3,100 BTC (worth $348 million) and bought 50,522 ETH (worth $213 million) in spot transactions.

Furthermore, it has spent $120 million in margin to leverage a long position of 135,000 ETH with 5x leverage, and it still holds 7,537 BTC (worth $846 million).