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Big whale completes $34 million BTC to ETH transfer within 2 days, average price $3273
【BlockBeats】On-chain data shows that a large whale has been active frequently over the past two days. This major holder sold 363 BTC in batches at an average price of $3,273, totaling approximately $34 million. Interestingly, these funds did not flow into stablecoins but were directly invested into Ethereum—ultimately exchanging for 10,390.5 ETH.
From the timing of the transactions, this is not a hasty market reaction but a considered adjustment of positions. The whale chose to reduce some holdings of BTC at recent high levels and increased its ETH holdings, a logic that is worth players’ consideration. Such large fund flows often reflect institutional judgments about the market outlook in stages.
Just waiting for the subsequent market to prove who's right or wrong.
Putting in 34 million, really bold, just afraid of catching a flying knife.
This rhythm, how does it feel like it's hinting at something to us?
Average price of $3273? Wow... that's pretty intense.
But such a large transfer definitely doesn't seem like a casual play, they've definitely thought it through.
Directly swapping to ETH without touching stablecoins, that's quite interesting.