James Fickel, a known long ETH/BTC ratio trader, recently deposited a total of 80,000 ETH valued at approximately $204 million into Coinbase Prime. This follows his previous loss of around 25,000 ETH, worth $83.6 million, on the same trading strategy. Separately, a large transfer of 80,000 BTC, valued at about $8.7 billion, was identified as likely related to an address format upgrade from legacy "1-" addresses to the newer "bc1q-" format, with no indications of selling activity, according to blockchain analytics firm Arkham. Additional notable movements include multiple transfers of ETH and BTC between wallets and exchanges such as OKEX, Cumberland, Coinbase Institutional, and Kraken, involving amounts ranging from hundreds to tens of thousands of coins. Furthermore, a dormant Ethereum wallet holding 900 ETH, originally worth $279 in 2015 and now valued at over $2.27 million, was reactivated after nearly 10 years, with the owner moving the coins. Data also shows a decline in wallets holding 1,000 to 10,000 BTC from 4.5 million to 4.47 million BTC between January 2023 and July 2025, while wallets holding 100 to 1,000 BTC increased from 4 million to 4.77 million BTC, suggesting redistribution from large holders to medium-sized holders through private transfers.