A Bitcoin whale, previously inactive for seven years, has sold around 670 BTC (worth $75 million) to open leveraged long positions on Ethereum. This significant move is seen as a bullish signal for ETH's future growth amidst an overall market with increased resilience against volatility. The transaction was conducted across four wallets using the decentralized exchange Hyperliquid. The activation of this dormant whale suggests a potential trend where long-held assets are mobilized, affecting market dynamics. Analysts observe that while these transactions might introduce short-term fluctuations, the market is now better equipped to manage such occurrences without severe disruptions. In line with this, Bitcoin is trading at approximately $113,000, and Ethereum sits around $4,296.25 at the time of writing, having gained in the last 24 hours.

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