Last week, an early Bitcoin investor exchanged $4 billion of BTC for ETH
according to the on-chain analysis platform Lookonchain, the cryptocurrency market showed a differentiated trend last week. Although the DEX trading volume decreased by about 10% compared to the previous week, the stablecoin market value increased by $6.65 billion, indicating continued inflow of new funds. It is worth noting that an early Bitcoin investor with a large amount of Bitcoin (OG) has initiated a large-scale asset allocation adjustment, selling 35,991 BTC (approximately $4.04 billion) since August 20 and buying 886,371 ETH (approximately $4.07 billion), showing strong confidence in the future performance of Ethereum. The investor currently still holds 49,634 BTC (approximately $5.43 billion). At the same time, institutional investment enthusiasm remains high, with 6 listed companies collectively purchasing 2,329 Bitcoins, with a total value of approximately $253 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Why Did the Bitcoin Price Drop and Fail to Rebound as Expected?
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