TREE NEWS reports: A single whale sold 246.25 BTC worth about $20.64 million and bought 8,286 ETH for roughly the same amount, Lookonchain data shows. Over the past 11 days the wallet has sold 1,917.7 BTC valued at about $159 million and bought 64,545 ETH worth about $155 million, continuing to rotate funds from BTC into ETH.
Whale Sells 246.25 BTC for $20.64M and Buys 8,286 ETH
Related Coin Charts
AI take
The scale of this rotation — nearly 1,918 BTC swapped for over 64,500 ETH across 11 days — makes it more than routine portfolio shuffling; it is a large, sustained relative-value bet on ETH against BTC by a single wallet. Because the amounts are roughly balanced in dollar terms, this reads as a ratio trade rather than a move to cash, so it matters mainly for BTC/ETH relative sentiment and for how observers read whale positioning. Whether other large holders mirror this BTC-to-ETH rotation, or whether it remains an isolated case, is the open question worth tracking.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
44m ago
Robinhood Q3 transaction-based revenue $867M, below $874.3M estimate
1h ago
CFTC Sues Utah to Block State Action Against Kalshi Prediction Markets
1h ago
Dormant Whale Buys 123,055 HYPE Tokens Worth $10.02M from Wintermute
1h ago
Whale deposits 366.97B PEPE worth $1.64M to Coinbase
1h ago
Bitwise BHYP ETF wallet receives 47,390 HYPE worth $3.71M after unstaking
1h ago
Predict.fun Completes Refunds to Affected Users