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Summary: In the past two days, a Bitcoin whale sold over 4600 BTC and switched to a long position on Ethereum.

By: theblockbeats.news|2025/08/22 12:42:17

BlockBeats News, August 22nd, according to Spot On Chain's summary, in the past two days, two Bitcoin OG whales holding a total of 100,784 Bitcoins (worth $640 million) have started selling Bitcoin to switch to a long position on Ethereum. Their current operations are as follows:

1. Sold 4,621.9 Bitcoins (approximately $5.235 billion) in three wallets at a price of $113,265 per BTC.

2. Purchased and staked 82,398 ETH (approximately $3.5365 billion) at an average price of $4,292, distributed across two wallets.

3. Established long ETH positions totaling 135,265 ETH (worth $5.837 billion) on Hyperliquid across five wallets, with most liquidation prices ranging from $3,487.4 to $3,612.

4. Still holding 84,645 Bitcoins (worth $9.55 billion) in seven wallets.

Coinbase CEO: Manda...

Analyst: Bitcoin Volatility Drop Leads Speculators to Shift to New Market