A sleeping BTC whale just chose ETH, and the way they did it matters.
They used futures to get in fast, then closed them and kept buying spot. That reads like a position they want to hold.
At the same time, big buys showed up off-exchange through BitGo and Galaxy. Quiet fills, less slippage.
🧮 Result: BTC had a shaky weekend. ETH dipped, then bounced faster and even poked to new highs before cooling. That’s what real spot demand looks like; pullbacks don’t stick.
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