This is called reallocation or portfolio rebalancing. Certainly, it's going to smaller altcoins now that the time has come...
EyeOnChain
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Bullish
WHALE WHO NAILED THE ETH BOTTOM STARTS TO CASH OUT Back in April, when ETH was drowning near $1,582, one sharp whale spotted opportunity where most saw despair. With impeccable timing, they withdrew 6,000 ETH from Kraken ; a move that, in hindsight, marked almost the exact market bottom. For five long months, the whale held steady, riding the waves as ETH climbed higher. The PATIENCE paid off: their bag swelled into eight-figure unrealized gains. But tides may be turning. JUST 10 HOURS ago, the whale quietly slipped 1,000 ETH ($4M) back onto Kraken. If they decide to sell, that single move locks in $2.43M in profit ; while still holding 5,000 ETH worth a juicy $12.16M in unrealized gains. From catching bottoms to eyeing exits, this wallet’s story is a masterclass in timing the market. WHAT YOU ALL THINK? 🔗 Wallet: 0x7422F5F528Cc36eA48F6cD8cdA5a9816E4573ede $ETH #ETH
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