Recently, a large investor who has held Bitcoin for 7 years has attracted market attention. This investor previously held 10,606 Bitcoins, with a total profit of about $1.12 billion. However, recently this investor began to adjust their investment portfolio, gradually converting Bitcoin into Ether.

The latest data shows that the investor has sold 3,100 Bitcoins, with a total value of approximately $348 million. Meanwhile, they purchased 50,522 Ethereum spot, valued at around $213 million. More notably, this investor also used $120 million as margin to open a long contract position with 5x leverage, buying contracts equivalent to 135,000 Ethers, with a total value reaching an astonishing $571 million.

Despite such a large-scale portfolio adjustment, the investor still holds 7,537 Bitcoins, worth approximately $846 million. This series of actions suggests that this seasoned investor may have an optimistic outlook on the future prospects of Ethereum, while also maintaining a certain level of Bitcoin exposure to diversify risk.

This shift in investment strategy has sparked widespread discussion in the market. Some analysts believe that this may reflect the optimism of certain large investors regarding the development potential of the Ethereum ecosystem. However, there are also views that such large-scale leveraged operations may pose higher risks.

Regardless, this event has undoubtedly injected new vitality into the cryptocurrency market and provided investors with the opportunity to consider different investment strategies for various crypto assets. As the market continues to develop, we will keep following the trends of such large investors and their potential impact on the market.