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On-chain data monitoring shows that a large ETH whale recently made a significant position adjustment. The whale sold 7828 ETH today (approximately $24.6 million) and exchanged all of it for 269 WBTC.
This operation is just the tip of the iceberg. According to tracking records, during recent continuous trading, this whale has converted the vast majority of its ETH holdings into WBTC — a total of 21,973 ETH sold (worth about $68.9 million), exchanged for 761.4 WBTC, at an average price of $90,491.
It is worth noting that the whale now only holds 370 ETH remaining, almost completing a full switch from ETH to WBTC. This kind of large-scale asset restructuring usually reflects a major investor’s reassessment of market prospects.