Bitcoin Billionaire Bets Big on Ethereum, Acquires $108M in Spot Ether

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A significant Bitcoin whale, reportedly managing over $11 billion, has made a substantial shift in their cryptocurrency holdings. The whale has closed a large Ether long position, locking in substantial profits, and has simultaneously acquired a considerable amount of spot Ether. This strategic move suggests a strong conviction in the future upside potential of Ethereum, the second-largest cryptocurrency by market capitalization.

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