The cryptocurrency market has once again witnessed a jaw-dropping operation. A seasoned investor (OG) who has held over 100,000 Bit for 7 years recently demonstrated astonishing market insight.

On the eve of an important speech by Federal Reserve Chairman Powell, this investor began to massively convert Bit into Ethereum. It is reported that he invested as much as $267 million to purchase Ethereum, while also opening a long position worth $577 million. This series of bold portfolio adjustments has sparked a strong reaction in the market.

Subsequently, the price of Ethereum saw a significant rise, breaking through its historical high. This investor's behavior appears to be highly in line with the market trend, demonstrating exceptional market prediction ability.

However, recent news indicates that the investor has begun to gradually take profits by selling their holdings of Ethereum. This operation has once again sparked market attention and speculation.

Whether this investor is relying on strong capabilities or luck, his operations have had a tremendous impact on the market. This large-scale capital movement and precise market grasp not only demonstrate the insight of top investors but also inject new vitality into the entire encryption currency market.

This event once again demonstrates the importance of seizing opportunities and flexibly adjusting strategies in the rapidly changing encryption currency market. At the same time, it also reminds investors to always pay attention to market trends, rationally view the operations of large players, and maintain independent thinking in investment decisions.