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.
ETH0,38%
BTC0,28%
WBTC0,32%
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
  • 4
  • Repost
  • Share
Comment
0/400
LiquiditySurfervip
· 01-04 13:50
The whales are starting to abandon their positions... The four-year relationship with ETH is gone in an instant. I've seen this kind of move too many times. It's time to reallocate capital efficiency.
View OriginalReply0
GmGnSleepervip
· 01-04 13:46
Whales are dumping ETH to buy BTC, for the first time in four years... This pace is a bit rapid. Are they truly bearish on Ethereum or is BTC about to take off?
View OriginalReply0
MEV_Whisperervip
· 01-04 13:39
Whales are liquidating ETH so aggressively, it's the first time in four years... How bearish does that look?
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)