With recent volatility exerting pressure, Bitcoin (BTC) is currently trading at about $107,400, down somewhat.
The largest drop among the main cryptocurrencies today was seen by Ethereum (ETH), which fell more than 7% and is currently trading close to $4,380. This decline coincides with a more widespread correction in altcoin and cryptocurrency markets as profit-taking picks up steam following recent peaks. Analysts observe that institutional accumulation is still robust and that investors are still adding Bitcoin positions in spite of the losses. Despite short-term volatility, market sentiment is cautiously positive despite drawdowns, indicating faith in long-term fundamentals.
Bitcoin whale pivots $11.4B into Ethereum
A well-known  Bitcoin whale has drastically changed tactics, turning over $11.4 billion in BTC holdings into 837,429 ETH, which is currently worth about $3.7 billion in Ethereum. This significant on-chain movement suggests that institutional interest in ETH is increasing at a time when Bitcoin’s momentum seems to be cooling down to almost critical levels.
In the whale’s most recent transaction, 4,000 Bitcoin was exchanged for 96,859 Ethereum, and then 1,000 Bitcoin was added to a decentralized exchange, indicating further Ethereum accumulation. These flows point to changing allocations throughout the cryptocurrency ecosystem, which makes Ethereum even more alluring to institutions looking for diverse exposure.
Metaplanet taps shareholders to expand Bitcoin holdings
Metaplanet, a publicly traded bitcoin treasury company in Japan, received shareholder approval to issue 550 million new shares abroad in order to raise 130.3 billion yen, or approximately $884 million. The main purpose of the funds is to purchase additional bitcoin. The Trump family’s growing influence in international crypto strategy was highlighted by Eric Trump’s attendance at the Tokyo summit in his capacity as an advisor.
With more than $2 billion in Bitcoin holdings, Metaplanet is currently the seventh-largest public Bitcoin treasury in the world. increased treasury-style accumulation, particularly among public corporations, and increased institutional confidence are reflected in the capital raise.
We recently reported that Robert Kiyosaki, author of Rich Dad Poor Dad and a seasoned investor, has warned of an imminent worldwide financial collapse.
