🐋 Bitcoin OG Dumps $71.57M in ETH While Whales Accumulate
A Bitcoin whale who acquired 5,000 BTC at $332 twelve years ago has sold another 1,000 BTC worth $71.57M, continuing a pattern of major liquidations.
**Key Developments:**
- Whale wallets actively accumulating ETH with major withdrawals tracked from Bitget and OKX in the last 24 hours
- SlowMist Cos identified critical security vulnerability on Coinbase Commerce's Withdraw page that directly requests user private keys
- The selling whale originally paid $1.66M for 5,000 BTC, now valued at $356M total
**Market Context:**
This follows a broader trend of Bitcoin whales diversifying into Ethereum and stablecoins. Recent data shows Bitcoin wallets holding 1K+ BTC decreased 1.61% over two weeks, while Ethereum wallets with 10K+ ETH increased 8.00%.
The contrasting whale behavior between crypto's top two assets may signal shifting market dynamics and potential impact on Bitcoin's long-term dominance.
[Source](https://twitter.com/TheBlockCo/status/2034455237277134921)