An early Bitcoin whale has resurfaced with major moves, shifting hundreds of millions in crypto between Bitcoin and Ethereum.

Ethereum exchange-traded funds (ETFs) and other crypto whales have abruptly dumped massive amounts of ETH amid market uncertainty, on-chain data shows.

A whale holding 14,837 Bitcoin for the last seven years has decided to swap out $76 million worth to several leveraged Ether long positions.

Cryptocurrency prices this morning are now slowly bouncing back after falling sharply this week. Most of the major coins are trading in the green after days of volatility and heavy sell-offs.

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