Huge cross-chain fund rebalancing: major players exchanging BTC for ETH, ETH to USD average price over 3000+

LayerZeroHero · 2026-01-19T09:18:54+00:00

Recently, a large holder has been frequently adjusting cross-chain assets through the THORChain protocol, converting 317 BTC into 9105 ETH, with a total transfer of 2289 BTC worth of ETH, totaling approximately $204 million. These transactions indicate institutional optimism towards Ethereum and the use of cross-chain bridging solutions to mitigate liquidity risks.

LayerZeroHero

2026-01-19 09:18:54

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On-chain data shows that recently, large holders have been making a series of cross-chain asset adjustments through the THORChain protocol. On December 15th alone, this investor converted 317 BTC into 9105 ETH, worth approximately $28.15 million.

Notably, since November 25th, this seasoned participant has been more active. During this period, they transferred a total of 2289 BTC across chains to ETH via THORChain, ultimately holding 67,253 ETH, with a total value of about $204 million. From the exchange records, the average cost basis for the ETH received in USD is approximately $3036.

This series of transactions reflects ongoing strong confidence in Ethereum by large funds. The different growth logic of BTC and ETH allows some institutions to flexibly allocate between the two, and completing conversions through cross-chain bridging solutions like THORChain avoids the liquidity risks associated with traditional exchanges.

BTC-2,21%

ETH-3,89%

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