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Whales continue "reducing BTC and increasing ETH," completing large-scale repositioning in just two days
On-chain data shows that the whale institution that just rebalanced yesterday has acted again today: using a cross-chain aggregation tool, they directly exchanged 404 BTC (equivalent to $38.84 million) for 11,533 ETH.
The total scale of repositioning over the two days is as follows:
- Sold a total of 686.1 BTC, worth approximately $65.17 million
- Acquired 19,631 ETH
- The average transaction price for ETH is around $3,302
This is not a one-time dump but a cautious operation over two consecutive days. It looks like a mid-term asset reallocation. Using cross-chain tools instead of directly dumping on exchanges is a standard institutional approach—reducing market impact while keeping costs reasonable.
Most importantly, the repositioning price is anchored in ETH’s current mainstream cost range, indicating that these big players are genuinely optimistic about ETH’s relative strength. Currently, BTC is oscillating at high levels, and the ETH/BTC ratio is warming up. Large funds voting with actual actions—this **decisive yet restrained rebalancing pace**—is often more insightful than retail traders chasing highs and selling lows.
Want to copy the big players’ moves? It’s better to keep an eye on these types of fund movements than just looking at candlestick charts.