[Chain News] PANews, August 25 - Singaporean crypto investment firm QCP Capital stated that on Sunday, when market liquidity was low, an early Bitcoin holder sold about 24,000 Bitcoins (approximately $2.7 billion). The rebound momentum of Bitcoin quickly dissipated after the Jackson Hole conference and experienced a flash crash, with about $500 million in leveraged positions wiped out in a few minutes. Previously, the trading range for Bitcoin was narrow, while Ethereum continuously reached new highs. This situation lasted for about a week, with old wallet Bitcoins being converted to Ether, pushing the exchange rate of the two beyond 0.04, with Ethereum leading the rise. The market fluctuation reflects a weakening of institutional demand flowing into related markets, with spot Bitcoin ETFs seeing a net outflow of about $1.2 billion for six consecutive days, and the purchase volume in Strategy 8 in August was also lower than usual. Meanwhile, some institutions increased their holdings in Ethereum, providing support for its price and upward momentum. As funds shift from Bitcoin to Ethereum, Bitcoin's dominance.