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.

ETH-0,52%
BTC-0,36%
WBTC-0,39%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
UnruggableChadvip
· 6h ago
Hey, this guy is really bearish on ETH... spending 44M to buy Bitcoin, what kind of signal is that?
View OriginalReply0
CryptoCross-TalkClubvip
· 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.
View OriginalReply0
BugBountyHuntervip
· 10h ago
What is this big investor thinking? Spending so much ETH to buy BTC, are they bearish on Ethereum?
View OriginalReply0
FalseProfitProphetvip
· 10h ago
The big whale has run away, can ETH still go up? LOL
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)