Last week, an early Bitcoin investor exchanged $4 billion worth of BTC for ETH. According to on-chain analysis platform Lookonchain, the crypto market showed a divergent trend last week. Although DEX volume decreased by about 10% month-over-month, the stablecoin market capitalization increased by $6.65 billion, indicating continuous inflow of new funds. Notably, an early investor holding a large amount of Bitcoin (OG) undertook a large-scale asset allocation adjustment, having sold 35,991 BTC (about $4.04 billion) since August 20, while simultaneously buying 886,371 ETH (about $4.07 billion), demonstrating strong confidence in Ethereum's future performance. This investor currently still holds 49,634 BTC (about $5.43 billion). During the same period, institutional investment enthusiasm remained strong, with 6 listed companies collectively purchasing 2,329 BTC, totaling about $25.3 million.
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Last Monday, an early Bitcoin investor exchanged $4 billion BTC for ETH.
Last week, an early Bitcoin investor exchanged $4 billion worth of BTC for ETH. According to on-chain analysis platform Lookonchain, the crypto market showed a divergent trend last week. Although DEX volume decreased by about 10% month-over-month, the stablecoin market capitalization increased by $6.65 billion, indicating continuous inflow of new funds. Notably, an early investor holding a large amount of Bitcoin (OG) undertook a large-scale asset allocation adjustment, having sold 35,991 BTC (about $4.04 billion) since August 20, while simultaneously buying 886,371 ETH (about $4.07 billion), demonstrating strong confidence in Ethereum's future performance. This investor currently still holds 49,634 BTC (about $5.43 billion). During the same period, institutional investment enthusiasm remained strong, with 6 listed companies collectively purchasing 2,329 BTC, totaling about $25.3 million.