Bitcoin Whale Realizes $1.12B Profit, Sells 3,100 BTC to Buy 50,522 ETH and Open 135,000 ETH 5x Leveraged Long

According to Chainalysis and reported by COINOTAG News on August 22, an identified whale/institution that accumulated 10,606 BTC over a roughly seven-year window has realized an aggregate profit of approximately $1.12 billion. The entity executed spot sales of 3,100 BTC (~$348M) and redeployed capital into 50,522 ETH (~$213M) via spot transactions. Additionally, it allocated ~$120M in margin to establish a leveraged long position of 135,000 ETH at ~5x, while retaining 7,537 BTC (around $846M) on its balance sheet. These on-chain movements reflect institutional portfolio rebalancing between BTC and ETH and are presented here based on Chainalysis on-chain reporting without forward-looking assertions.

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Source: https://en.coinotag.com/breakingnews/bitcoin-whale-realizes-1-12b-profit-sells-3100-btc-to-buy-50522-eth-and-open-135000-eth-5x-leveraged-long/