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A whale account recently made a significant adjustment to its holdings strategy. For the first time in four years, it shifted its Ethereum position to Bitcoin, just completing a sale of 4013 ETH within the last five minutes, exchanging for 138.04 WBTC, with a single transaction value of approximately $12.59 million. The average price of WBTC was $91,117.55.
Since yesterday, this giant whale has cleared a total of 18,159.4 ETH and simultaneously built a position of 631.78 WBTC. The total scale of this conversion operation reached up to $56.8 million. This large-scale reallocation from Ethereum to Bitcoin reflects a reassessment by institutions or seasoned players of their future market allocation strategies. Whether for hedging risks or optimistic about Bitcoin's medium-term performance, such million-dollar-level position changes have always been market indicators.