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A giant whale's rebalancing strategy is worth paying attention to — this wallet has made its first large-scale adjustment to its holdings in four years.
In just the past five minutes, it exchanged 4013 ETH for 138.04 WBTC, a transaction valued at $12.59 million, with an average acquisition cost of $91,117.55. From yesterday until now, this address has cumulatively sold off 18,159.4 WETH and swapped in 631.78 WBTC, with a total involved amount reaching $56.8 million.
What does the move from ETH to WBTC imply? What is the logic behind the continued increase? For market participants, such large-scale holdings flow often contain clues about market direction. This giant whale's actions are frequent and large-scale, and every step is worth tracking.