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Whale transfers $95 million USD from BTC to ETH using leverage – bearish signal
"A whale sold 660 BTC ( $59 million USD ) after 7 years, opening a long ETH position with $295 million USD ( 10x leverage )"
Meaning: In the short term, this is a negative signal for Bitcoin because large holders are diversifying into altcoins, indicating declining confidence in BTC growth, even though the whale still holds 29.3 thousand BTC ( $3.5 billion ).
$BTC