A renowned trader makes a major investment of $86 million in ETH and BTC

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A seasoned trader with a proven track record in the cryptocurrency market has made a groundbreaking investment decision. The trader’s move to allocate substantial funds into Ethereum and Bitcoin has attracted the attention of market participants. This player, who previously realized a $99 million profit from ETH, is now demonstrating a focused investment approach toward both assets.

Trader Acquires a Large Amount of ETH in a Short Period

In the past nine hours, the trader has moved 20,392 ETH from major exchanges all at once. Considering the current ETH price is approximately $2,070, this transaction represents a significant scale. Given the trader’s history of profitable investments, market observers are keen to understand what this large transfer signifies.

Strategically Expanding Bitcoin Holdings

Additionally, within the last two hours, the trader has built a new position of 500 cbBTC (Wrapped Bitcoin). This action amounts to roughly $38.74 million and indicates a strong commitment to Bitcoin. With BTC currently trading around $70,430, this investment reflects the trader’s long-term confidence in both major assets.

WBTC-2,22%
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