Last week, an early Bitcoin investor exchanged $4 billion of BTC for ETH
according to the on-chain analysis platform Lookonchain, the cryptocurrency market showed a differentiated trend last week. Although the DEX trading volume decreased by about 10% compared to the previous week, the stablecoin market value increased by $6.65 billion, indicating continued inflow of new funds. It is worth noting that an early Bitcoin investor with a large amount of Bitcoin (OG) has initiated a large-scale asset allocation adjustment, selling 35,991 BTC (approximately $4.04 billion) since August 20 and buying 886,371 ETH (approximately $4.07 billion), showing strong confidence in the future performance of Ethereum. The investor currently still holds 49,634 BTC (approximately $5.43 billion). At the same time, institutional investment enthusiasm remains high, with 6 listed companies collectively purchasing 2,329 Bitcoins, with a total value of approximately $253 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cardano Foundation unveils zero-knowledge series as ADA drops 2.8% to $0.1725
How much CPO demand will Nvidia Rubin Ultra generate? Bernstein: Optical value per Pod will increase fivefold
Bernstein believes that the co-packaged optics (CPO) and fiber demand driven by Nvidia's Rubin Ultra architecture will surge significantly, with the optical content per Pod rising from $1 million to $5.4 million. This will propel the size of Nvidia's optical ecosystem market to $46.8 billion by 2028 (a 91% annual increase). Although the industry faces supply bottlenecks with InP substrates, the outlook remains positive. The institution reiterates its “outperform” rating for Lumentum, Coherent, and Ciena.
Crypto prices
More
