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$11B Bitcoin whale bets big on ETH upside, scoops up $108M spot Ether

CointelegraphMonday, August 25, 2025 at 11:00:47 AM
PositiveCryptocurrency
$11B Bitcoin whale bets big on ETH upside, scoops up $108M spot Ether
A major Bitcoin investor, known as a whale, has made a significant move by purchasing $108 million in spot Ether. This follows a profitable trade where they locked in $33 million from a previous Ether position after selling $2.6 billion in Bitcoin.
Editor’s Note: This development is noteworthy as it reflects growing confidence in Ethereum's potential, especially from influential investors. Such large transactions can impact market trends and investor sentiment, highlighting the dynamic nature of the cryptocurrency landscape.
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