Mysterious Whale Dumps $89.5M in Bitcoin for Ethereum in Just 3 Days

A mystery crypto whale has been dumping Bitcoin and reinvesting in Ethereum recently, according to on-chain analysis. Normally, whales dump other cryptocurrencies for Bitcoin, but this is going the other way. The whale has reportedly sold $89 million worth of Bitcoin and immediately converted it into Ethereum. According to Lookonchain, the whale sold a massive chunk of BTC over the last 3-4 days, totaling 1,074.36 BTC. Based on the latest valuation, the sell-off totaled $89 million.