A major Bitcoin whale sold 670 BTC for $76 million to open a long position in Ether, with 68,130 ETH on 10x and 3x leverage. The whale previously held 14,837 BTC worth $1.6 billion. Ether price dropped to $4,080 after the whale opened positions at $4,300. Institutions also stacked Ether.

BitMine Immersion Technologies added 52,475 Ether to its treasury, totaling 1.52 million tokens worth $6.6 billion. Two other Bitcoin whales moved large amounts of BTC last month without buying Ether. Analysts say OG Bitcoiners selling is not concerning as new buyers are entering the market, indicating market maturity.

Read more at Cointelegraph: Bitcoin Whale Shifts to ETH With $295 Million Long Position