2026-01-03 07:24:40

The big whale's move is quite interesting. A certain wallet completed a large rebalancing operation within 7 hours, converting all 14,145.93 ETH into 492.16 BTC, with a total value of $44.195 million.

The data details are quite meticulous—this batch of BTC has an average cost basis of $89,796.47, with an unrealized profit of $213,000. Currently, the ETH originated entirely from funds received by this wallet from three different addresses over the past two weeks. These addresses were all established back in early 2022, with an entry price of about $2,916.

At the time of the rebalancing, ETH was priced at $3,125.68, meaning this ETH has already yielded significant profits since its acquisition. But the whale's decision to shift chips from Ethereum to Bitcoin now is worth pondering—are they optimistic about BTC's short-term performance, or are they adjusting their asset allocation? The subtle shifts in market sentiment are sometimes reflected in such large-scale rebalancing actions.

ETH0,53%

BTC-0,06%

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.

14 Likes

Reward
14
5
Repost
Share

Comment

0/400

DustCollector

· 01-05 20:20

It's the same old trick again, whales are dumping ETH to buy BTC, as expected, it's all the same logic. I bet the big players are betting on BTC's trend with this move; E's recent performance has indeed been a bit weak. Sold everything in 7 hours; this speed isn't for fun, they really want to run.

View OriginalReply0

LayerZeroJunkie

· 01-04 14:53

You're just harvesting again, I'm just watching.

View OriginalReply0

BlockchainRetirementHome

· 01-03 07:51

Listen to this move, the whales are really playing chess The switch from ETH to BTC, what does it indicate... probably think BTC is about to take off Since entering in 2022 and doubling now, still daring to fully cash out... quite brave The short-term transfer of $44.19 million shows the market is really about to change

View OriginalReply0

RumbleValidator

· 01-03 07:46

Completing $44 million worth of position swaps in 7 hours is indeed a meticulous approach. However, I am more concerned about the stability of that node—how high is the network's reliability required for such large transactions? Is 99.9% uptime sufficient?

View OriginalReply0

MEV_Whisperer