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Two Major Bitcoin Whales Holding Over 100,000 BTC Are Selling Bitcoin to Switch to ETH
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According to a report by Jinse Finance, on-chain analyst Spot On Chain has observed that two whales who have held Bitcoin for seven years are now selling BTC to switch to ETH. Over the past two days, these whales sold 4,621.9 Bitcoins (approximately $523.5 million) through three wallets, while purchasing 82,398 Ether (approximately $353.65 million) and storing them in two wallets.
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