2026-01-16 10:21:23

A giant whale/institution has been rapidly shifting positions recently. Just the day before yesterday, they started moving from BTC to ETH, and yesterday they continued the operation—using cross-chain tools like THORChain, directly exchanging 404 BTC (worth about $38.84 million) for 11,533 ETH.

In two days, this entity has moved a total of 686.1 BTC, cashing out $65.17 million, and acquiring 19,631 ETH, with an average transaction price of $3,302 per ETH. Such large-scale consecutive rebalancing suggests that the bulls' instincts might be a bit sharp.

BTC-1.12%

ETH-1.69%

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GasGasGasBro

· 4h ago

Whales are showing off again, dropping 686 BTC all at once. This pace is truly incredible. ETH is back, and it looks like this round is really different. Something's off. Such a large order, and they're still so aggressive. Unless they know something. The average price for entering ETH at 3302, this brother is really bullish. This move... I’ve even taken off my pants. Friends still hesitating, even whales are moving now. Could it be another harvest? Who knows. In just two days, $65.17 million moved like this. We small investors simply can't understand.

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NFTRegretter

· 4h ago

Speaking of which, this whale is really ruthless. Just a turn of over 65 million, is ETH planning a big move?

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0xLuckbox

· 4h ago

Whales are moving, I have to move too, or I'll be left behind again. Is ETH really about to rise this time? The pace looks a bit crazy. Throwing so much into 686 BTC at once, this guy really has confidence. Buying so much ETH at an average price of 3302, I have to ask, is there still a chance to bottom fish? These cross-chain operations are happening one after another, ordinary retail investors simply can't keep up. I'm overwhelmed, once again big institutions are the first to know and act, we are always late to the game. Such aggressive position shifts at this level, what does it tell us? Do they not have a clear understanding? ETH is probably about to turn around, BTC bulls are changing their positions. Should we also jump on board? Or wait a bit longer to avoid getting cut? Whale movements = market trend, this buying and selling can't be avoided.

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RugPullSurvivor

· 4h ago

Wow, 686 BTC directly converted to ETH? This whale is really going all in on Ethereum. Is BTC going to crash? Or is something big about to happen with ETH? Entering at $3302, this move is a bit aggressive. Major investors are all selling out, what are we retail investors still doing? Follow the trend or wait? My mindset is a bit崩.

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