Bitcoin Wallet Moves $377.6M as Another Whale Trades BTC for Ether

A bitcoin wallet moved its full 4,582 BTC balance on Monday, with the transfer valued at about $377.6 million, according to Bitcoin.com News.

Onchain tracker Lookonchain flagged the movement, describing the wallet as belonging to a longtime bitcoin holder. The report did not specify the destination or reason for the transfer.

In a separate transaction reported the same day, another large holder sold 837.8 BTC at a loss to buy 27,500 ether. While that activity involved a sale, the first wallet’s transfer alone does not establish that its bitcoin was sold.