TechFlow news, August 22: According to on-chain analyst EmberCN (@EmberCN), a whale address that has held 10,606 BTC for seven years is adjusting its asset allocation.
The address has sold 3,100 BTC (approximately $348 million) and purchased 50,522 ETH spot (approximately $213 million).
Meanwhile, the address has opened a $571 million long position in Ethereum futures contracts using $120 million as margin, holding 135,000 ETH with 5x leverage.
The address still holds 7,537 BTC, worth approximately $846 million.




