Bitcoin Whales Dem Move Billions into Ethereum, Spark Rally
Big Bitcoin holders don shift over 100,000 BTC (around $642 million) go into Ethereum, wey dey cause beta ETH buying plus futures long positions. Lookonchain on-chain analysis show sey one wallet wey don dey silent for seven years take move 100,784 BTC to buy 62,914 ETH and open 135,265 ETH long position, while another investor use Hyperliquid to do same kind transfer. Another whale wey still get 83,585 BTC ($9.4 billion) sef don reallocate money. Dis reallocation come as Bitcoin and Ethereum prices don dey fall recently, although Ethereum still dey strong small. Analysts dey warn say big capital wey market makers and long-term investors dey move fit make market jittery and fit cause Ethereum rally. Traders suppose keep eye on-chain data and ETH price movements well well cos dis trend fit affect both short-term trade and long-term investment plans.
Bullish
Big big transfer dem from Bitcoin to Ethereum by major kasa dem mean sey demand for ETH strong. Like dis before when whales gather plenty time, e before big price jump, mean sey price fit rise. Even though dis kain move fit cause small wahala for short time, more money wey dey enter Ethereum dey show sey market dey good. Traders fit see high trading volume and price support for Ethereum as dem continue move dem money, e dey make market for ETH look fine for short and long term.