BTC Whale Realizes $1.12B on 10,606 BTC — Sells 2,070 BTC to Buy 30,367 ETH and Open 78,000 ETH Long
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
COINOTAG News (Aug 21) reports that on-chain analyst Wu Ji identified a long-term holder of 10,606 BTC accumulated over seven years who has realized roughly $1.12 billion in gains; the account liquidated 2,070 BTC (~$235M) in the past 24 hours, according to on-chain data.
Transaction flows show proceeds were redeployed into ETH: about 30,367 ETH (~$131M) acquired on spot markets and a leveraged exposure equivalent to 78,000 ETH (position value ~$336M) established via derivatives contracts.
Post-trade balances retain approximately 8,437 BTC (~$960M). These on-chain movements indicate a measurable portfolio reallocation from BTC to ETH, a noteworthy development for market positioning and risk management in the current crypto landscape.