BTC whale now holds $3.8B in ETH, analysts call it maturity

During a 12-hour buying spree over the weekend, the “Bitcoin OG” whale gobbled up 96,859 spot Ether after selling 4,000 Bitcoin.

The “Bitcoin OG,” which began rotating its $11.4 billion fortune to Ether in August, has continued buying ETH over the weekend and now holds $3.8 billion of it, onchain data shows.

In its latest move, the Bitcoin whale sold 4,000 Bitcoin (BTC) worth $435 million, exchanging it for 96,859 spot Ether over a 12-hour splurge, Lookonchain said in a post on Sunday. 

The whale then deposited another 1,000 Bitcoin into decentralized exchange Hyperliquid on Monday, potentially for more ETH buying. 

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