Whale switches positions nearly $70 million in two days: The story behind BTC flowing into ETH

robot
Abstract generation in progress

【Blockchain Rhythm】 Monitoring data shows that a large institution or whale has been frequently adjusting its asset allocation in recent transactions. First, it exchanged BTC for ETH the day before yesterday, and now this whale continues to increase its position — today, it completed a large transfer of 404 BTC (approximately $38.84 million) into 11,533 ETH using a cross-chain swap tool.

Looking at the complete transaction data over the past two days, this rebalancing scale is indeed significant. A total of 686.1 BTC (equivalent to $65.17 million) was exchanged for 19,631 ETH, with an average transaction price maintained at $3,302. Such operation pace and amount clearly are not typical retail investor behavior — either an institution is gradually positioning itself, or a whale is strategically adjusting its BTC and ETH holdings.

From a market perspective, these large cross-chain transactions often imply market participants' short-term price outlook. The continuous flow of BTC into ETH may indicate traders' optimism about the Ethereum ecosystem or their anticipation of specific market opportunities.

BTC-0,79%
ETH-0,96%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
HorizonHuntervip
· 12h ago
Whale's move... 70 million directly poured from BTC into ETH. Is this a sign of confidence in Ethereum or a bet against Bitcoin?
View OriginalReply0
GasWaster69vip
· 12h ago
Wow, this whale is really bullish on ETH. They directly invested over 60 million, while my little amount of money isn't even a fraction of that...
View OriginalReply0
WhaleMistakervip
· 12h ago
Ha, is it the same story again? $65.17 million poured into ETH. Are the whales really optimistic or just trying to harvest the little guys? No one can say for sure.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)