X @Lookonchain

Market Trends & Investment Activities - A Bitcoin OG sold 1729 $BTC ($1947 million) to purchase 4567 $ETH spot [1] - The same entity bought 55039 $ETH ($237 million) spot in the past 2 days [1] - The entity also opened a massive 135265 $ETH ($577 million) long position [1] - Over the past 2 days, the entity sold 2970 $BTC ($337 million) [1] - The entity bought 50472 $ETH ($215 million) in spot [1] Cryptocurrency Focus - The activity indicates a strong bullish sentiment towards $ETH [1] - The investor is significantly reducing Bitcoin holdings while increasing Ethereum exposure through both spot purchases and long positions [1]