Recently, an interesting phenomenon has caught attention—a big fish is quietly adjusting its chips.
According to on-chain data, this institutional player completed a significant operation today using a cross-chain tool: exchanging 282.1 Bitcoin (worth approximately $26.33 million) for 8,098 Ethereum, with the swap price around $3,251 at the time.
What's more interesting is that his account still holds 646.5 Bitcoin, valued at about $61.68 million. When considering this position size along with the current actions, it likely indicates that further position adjustments may follow.
Swapping BTC for ETH is not uncommon nowadays. However, such a large whale operation often reflects an institution's short-term market outlook. Could this transaction just be the beginning?
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Frontrunner
· 12h ago
Wow, what's the deal with this rhythm? Are the big players hinting at something again? Looks like ETH is about to take off?
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ChainSauceMaster
· 12h ago
Whoa, is this move by Big Fish really bottoming out ETH, or did they sense a certain trend...
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NFTDreamer
· 12h ago
Big Fish is making moves, looks like ETH is about to take off?
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GasSavingMaster
· 13h ago
Wow, what is this whale thinking? Throwing in $26.33 million like that, will it really keep moving forward?
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StakeTillRetire
· 13h ago
When the big whale moves, the whole market moves. This time, the repositioning is really quite aggressive.
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MetaEggplant
· 13h ago
Whoa, 282 Bitcoins directly exchanged for ETH? Is this guy bullish on Ethereum or does he have insider information?
Recently, an interesting phenomenon has caught attention—a big fish is quietly adjusting its chips.
According to on-chain data, this institutional player completed a significant operation today using a cross-chain tool: exchanging 282.1 Bitcoin (worth approximately $26.33 million) for 8,098 Ethereum, with the swap price around $3,251 at the time.
What's more interesting is that his account still holds 646.5 Bitcoin, valued at about $61.68 million. When considering this position size along with the current actions, it likely indicates that further position adjustments may follow.
Swapping BTC for ETH is not uncommon nowadays. However, such a large whale operation often reflects an institution's short-term market outlook. Could this transaction just be the beginning?