A Bitcoin whale holding 14,837 BTC, valued at approximately $1.69 billion, executed a notable transaction on August 21 by selling 660 BTC. The whale then opened leveraged long positions on Ethereum worth $295 million across four wallets, utilizing 10x and 3x leverage. This move highlights a strategic shift towards Ethereum, suggesting confidence in its short-term potential to outperform Bitcoin.
Bitcoin Whale Shifts $295M to Ethereum with Leveraged Longs
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