PANews reported on January 14 that, according to on-chain analyst Ember, a whale/institution is shifting its holdings from BTC to ETH.
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Today, he exchanged 282.1 BTC (worth $26.33 million) for 8,098 ETH through the cross-chain exchange tool THORChain, at a price of approximately $3,251.
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He currently holds 646.5 BTC (worth $61.68 million) and is likely to continue such portfolio adjustments.
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