An old Bitcoin $115,827.03 whaleFollowing the sale of millions of dollars of BTC, both leveped and Spot Ethereum 
$4,608.89 made purchases. Blockchain Data Tracking Platform LookonchainShared the details of the transactions from the old wallet with three connected old wallets in their posts at midnight on August 21st. According to analysts, this route indicates that there is capital transition from Bitcoin to Ethereum and other Altcoins, and supports the expectation of the Altcoin season.
Old Bitcoin whale headed to Ethereum
Lookonchain, seven years ago Binance And HTX Three old wallets received a total of 14,837 BTCs from the stock exchanges. This accumulation in the wallets was worth 107.50 million dollars at that time, today it corresponds to approximately $ 1.69 billion. Wallets were found to be related to each other in the light of Blockchain data.
Moreover, the old Bitcoin whale HyperliquidIn the indefinite term trading market, he opened a long position in Ethereum with four wallets, then closed some risky positions and 19,794 pieces EthSPOT was diagnosed from the market. The value of these assets was recorded as 85 million dollars. Whale in the last process, BTC He invested a new Long position in Ethereum with 6x leverage by depositing the 20 million USDC from his sales on the stock exchange. In the current table, a total of 78,265 ETH ($ 334 million) in five wallets carries a long position.
Altcoin season expectation is strengthening
The most remarkable signal in the market structure is TradingView Bitcoin dominance indexIn the first half of August, the 50 -week exponential average (1W50ema) in the first half of August broke the 2.5 -year rise trend. The index dangled under the threshold and confirmed the trend return with a two -week candle. BTC.D is 59.49 percent today.
In capital flows, there is a shift in favor of Ethereum. The end of the world’s largest Ethereum treasury with an asset of about $ 6.6 billion came to consolidate. In the Wall Street, entrances to Ethereum ETFs have recently left Bitcoin -based ETFs behind. Moreover, Google searches and ZCash’s protected supply dynamics brought an increase in interest to privacy -oriented Altcoins. All these data from Bitcoin altcoinin close follow -up with the addition of additional evidence that supports the transition to the transition narrative.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
