Whale frenzy with nearly $70 million worth of ETH! In two days, 686 BTC were moved through cross-chain bridges in a major overhaul

NonFungibleDegen · 2026-01-16T05:16:11+00:00

In the past 48 hours, a whale exchanged 686 BTC (approximately $65.16 million) for 19,631 ETH through ThorChain, reflecting optimism towards ETH or an asset allocation adjustment. This large-scale liquidity movement demonstrates that major investors are flexibly managing assets across mainstream assets.

NonFungibleDegen

2026-01-16 05:16:11

Abstract generation in progress

【Blockchain Rhythm】In the past 48 hours, an action by a whale address has attracted market attention. The whale first used the ThorChain cross-chain protocol to exchange 363 BTC (approximately $34 million) directly for 10,390.5 ETH, with an average transaction price of $3,273.

Less than two hours later, the whale made another move. Selling another 323.26 BTC (about $31.15 million) and continuing to buy 9,240.6 ETH.

In total, within just two days, this whale has exchanged 686 BTC (about $65.16 million) for 19,631 ETH through ThorChain. The average transaction price was around $3,319. This kind of large-scale continuous rebalancing suggests either confidence in ETH’s medium-term prospects or an adjustment of asset allocation. The conversion from BTC to ETH also reflects the flexibility of major investors in moving between mainstream assets.

ETH2,65%

BTC4,14%

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MevShadowranger

· 01-17 13:50

Big whale's move is incredible. In two days, $65 million was fully converted from BTC to ETH. Is this genuine confidence or are they trying to dump the market...

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Frontrunner

· 01-17 01:15

Is this whale crazy? Sweeping 65 million in two days. Are they really confident that ETH is about to take off?

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alpha_leaker

· 01-16 05:43

This whale is really gambling on ETH. Over 60 million USD, and they switch it out instantly. Truly bold.

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SneakyFlashloan

· 01-16 05:40

Wow, this whale really has a plan. Sweeping up $70 million worth of ETH in two days has completely shocked me... Something's not right with this pace.

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MEVHunter_9000

· 01-16 05:29

This move by the whale is indeed quite aggressive; they moved $65 million in just two days... However, at this price level, sweeping ETH shows real intent. Whether they can hold on is another story.

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