The owner of a wallet that has not been touched since 2018 has started selling his Bitcoins to buy Ether in recent days.

According to the data compiled by Lookonchain, the wallet initially bought 100,784 BTC 7 years ago. It hadn't touched these until the day before yesterday. On Wednesday, it purchased approximately 63,000 ETH worth 270 million dollars and opened a leveraged position of 135,265 ETH worth 580 million dollars.
In recent weeks, many old Bitcoin investors have opened their untouched wallets and made billions of dollars in sales. Some, on the other hand, preferred to transition from Bitcoin to Ethereum. This transition drew attention as it occurred during a period when Bitcoin fell from its peak of 124 thousand dollars to 112 thousand dollars, while Ethereum remained relatively more resilient at 4 thousand 300 dollars.
A similar situation is also observed in spot exchange-traded funds, (ETF). In recent weeks, investments in Ethereum-based ETFs have outpaced Bitcoin ETFs. Data provided by SoSoValue indicates that on the trading day yesterday, there were outflows of 194 million dollars from Bitcoin ETFs, while 288 million dollars flowed into Ethereum ETFs.#ETH Surge Team Battle is Here