A major whale recently adjusted their asset allocation. Today, they used the cross-chain bridge tool THORChain to convert 282.1 BTC (worth approximately $26.33 million) into 8,098 ETH at a成交价 of $3,251.

This is a significant move. What does it indicate? The trader is optimistic about Ethereum's short-term performance or preparing for an upcoming major event. More interestingly, their account still holds 646.5 BTC (valued at about $61.68 million), suggesting that the rebalancing may not be finished and there could be further actions.

Funds flow from large whales often reveal the true intentions of market participants. The shift from BTC to ETH reflects a phased optimism towards the Ethereum ecosystem. However, whether this is a long-term portfolio adjustment or a short-term trade depends on individual judgment.