Weekly Report: $4 Billion Bitcoin Swap for Ethereum, Institutions Continue to Accumulate BTC

ChainCatcher news, the cryptocurrency market showed a divergent trend last week. Although DEX trading volume decreased by about 10% month-on-month, the market capitalization of stablecoins grew by $6.65 billion, indicating a continuous inflow of new funds. Notably, an early investor (OG) holding a large amount of Bitcoin has made a significant asset allocation adjustment, selling 35,991 BTC (approximately $4.04 billion) since August 20, while purchasing 886,371 ETH (approximately $4.07 billion), demonstrating strong confidence in Ethereum's future performance. This investor currently holds 49,634 BTC (approximately $5.43 billion).

During the same period, institutional investment enthusiasm remained strong, with six listed companies collectively purchasing 2,329 Bitcoins, totaling approximately $25.3 million.