2026-01-04 15:20:46

Once again, a big whale action. An Ethereum whale made a large move today, converting 7,828 ETH (approximately $24.6 million) entirely into 269 WBTC. This is not an isolated event — this guy has recently been making large-scale asset adjustments.

Data shows that this whale has already exchanged the vast majority of its Ethereum for Bitcoin Wrapped, converting a total of 21,973 ETH (worth about $689 million) into 761.4 WBTC, with an average cost basis of approximately $90,491 per WBTC.

Now, this whale is left with only 370 ETH, having basically completed the asset transfer from ETH to WBTC. This large-scale structural adjustment to some extent reflects a change in the asset allocation preferences of the main capital.

ETH-2,55%

WBTC-1,29%

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retroactive_airdrop

· 01-06 20:36

Whales are rebalancing their portfolios again. This time, they decisively sold ETH to buy WBTC, indicating greater confidence in Bitcoin.

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GweiWatcher

· 01-06 16:50

This whale's move is pretty aggressive, directly clearing ETH for WBTC. Do they really believe in Bitcoin or just think ETH is going to decline...

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MetaverseMortgage

· 01-04 15:50

Whales are all moving... Looks like the big players have already voted, BTC is the real daddy.

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ChainMaskedRider

· 01-04 15:50

Wow, $68.9 million can be transferred just like that. This whale is really ruthless. I'm a bit unsure whether this move is bearish on ETH or just bullish on BTC. Bought WBTC at a cost of over $90,000, that's quite a bold move. Wait, only 370 ETH left and you're done? That's interesting. Big whales are all moving towards Bitcoin. What should I, a small retail investor, do? Really? Dropping over $60 million in one go, is the market about to change? This rhythm... feels like someone knows something we don't.

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BearWhisperGod

· 01-04 15:44

Whale's move this time really suggests BTC is about to take off... Hmm, another big holder bearish on ETH? But the average cost of 90491 WBTC feels a bit like gambling. Sure enough, someone will shout "Whale dumping" again; this script is always the same. The main players are either running... or positioning; we'll see what the market does later. Such a large-scale coin swap, either optimistic or just harvesting profits; anyway, I can't understand it.

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TokenSherpa

· 01-04 15:43

honestly if you examine the voting patterns historically, this is textbook whale rotation behavior. let me break this down — the tokenomics framework here actually reveals something fundamental about governance precedent and where smart money thinks the quorum requirements are heading. empirical evidence suggests btc dominance cycles always precede eth allocation shifts, ngl.

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TokenAlchemist

· 01-04 15:27

ngl this wbtc accumulation pattern is screaming structural rotation... $90.5k avg entry on 761 wbtc? someone's playing the asymmetric returns game hard rn

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GasFeeNightmare

· 01-04 15:23

Whales have all moved to hoard BTC, is anyone still buying ETH...

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