$ETH #whale

A crypto whale, or a large holder with a significant amount of cryptocurrency, just made a large purchase of 4,677 ETH, valued at roughly $11 million, according to data from Lookonchain.

The interesting thing about this purchase is that it seems to reflect a bold bullish bet on the Ethereum price.

This whale appears to be bullish on ETH and bearish on BTC, according to Lookonchain. Surprisingly, the whale exchanged his wrapped Bitcoin for Ethereum, borrowing 241 WBTC worth $11 million from Aave, which he exchanged for 4,677 ETH.

While the real intentions of the whale remain unknown, indications point to the fact that the whale expects the price of ETH to rise shortly.

#eth #whale #btc