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363 Bitcoins swapped for Ethereum in seconds, what signals do the whale's actions on ThorChain reveal?
【Crypto World】On-chain data monitoring agencies have discovered that a large whale recently carried out a significant token switch on ThorChain—directly exchanging 363 Bitcoin for Ethereum.
The specific numbers are quite astonishing: Bitcoin worth $34 million was ultimately exchanged for 10,390.5 ETH, with a transaction price of $3,273 per ETH. What does this scale of exchange indicate? Whales are quietly adjusting their asset allocations.
Interestingly, this transaction was completed on a cross-chain protocol like ThorChain, rather than on a major exchange. Perhaps to avoid causing market turbulence with large operations, or simply because they are optimistic about the current relative price relationship between BTC and ETH. The actions of these big players on the chain often send signals—whether about market expectations or the prospects of different tokens.