TechFlow news, on August 22, according to on-chain analyst Spot On Chain (@spotonchain), two long-term Bitcoin holders who have held BTC for seven years are now selling their Bitcoin to rotate into ETH. Over the past two days, these whales sold 4,621.9 BTC (approximately $523.5 million) across three wallets, while purchasing 82,398 ETH (around $353.65 million) stored in two wallets. Additionally, they opened long positions for 135,265 ETH (about $583.7 million) across five wallets on Hyperliquid, with liquidation prices mainly between $3,487.4 and $3,612. Notably, these whales still hold 84,645 BTC (approximately $9.55 billion), and the Bitcoin selling and Ethereum buying activities continue.
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