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Whale with $34 million shifts positions: Selling BTC to switch to ETH, what are the whales positioning themselves for?
【BitPush】On-chain data shows that a large holder has been quietly adjusting their position over the past two days. This whale sold 363 BTC at an average price of $3,273 (equivalent to $34 million) and used the proceeds to buy 10,390.5 ETH. What signals does this operation reveal? The switch from BTC to ETH may reflect optimism about the Ethereum ecosystem development or a phased adjustment expectation for the current Bitcoin price. The actions of large holders often reflect subtle market changes and are worth paying attention to.