One early Ethereum adopter is making a significant portfolio shift—trading ETH for BTC. This whale accumulated 21,000 ETH between 2019 and 2023, building their position at an average cost of $2,922 per coin, totaling roughly $61.4M. In a dramatic move over the past week, he liquidated 14,146 ETH (valued at $44.3M) and converted it into 492 WBTC at an exchange rate of 0.03479. The transaction signals a noteworthy rebalancing from Ethereum exposure toward Bitcoin, raising questions about the whale's market outlook on both assets.
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UnruggableChad
· 6h ago
Hey, this guy is really bearish on ETH... spending 44M to buy Bitcoin, what kind of signal is that?
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CryptoCross-TalkClub
· 10h ago
Laughing out loud, this guy is really demonstrating "I'm bullish on Bitcoin" with actual actions. Selling off 14,000 ETH all at once, what a move... Just the transaction fees alone could feed us retail investors for half a year.
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BugBountyHunter
· 10h ago
What is this big investor thinking? Spending so much ETH to buy BTC, are they bearish on Ethereum?
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FalseProfitProphet
· 10h ago
The big whale has run away, can ETH still go up? LOL
One early Ethereum adopter is making a significant portfolio shift—trading ETH for BTC. This whale accumulated 21,000 ETH between 2019 and 2023, building their position at an average cost of $2,922 per coin, totaling roughly $61.4M. In a dramatic move over the past week, he liquidated 14,146 ETH (valued at $44.3M) and converted it into 492 WBTC at an exchange rate of 0.03479. The transaction signals a noteworthy rebalancing from Ethereum exposure toward Bitcoin, raising questions about the whale's market outlook on both assets.