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Whale large-scale repositioning: 282 BTC swapped for over 8000+ ETH, a clear signal of portfolio structure adjustment
【BitPush】On-chain data shows that a suspected whale or institutional account’s recent activity is quite interesting. This entity used the cross-chain bridge protocol THORChain to exchange 282.1 BTC (equivalent to 26.33 million USD) all at once for 8098 ETH, with the exchange rate at the time roughly around 3251 USD per ETH.
More notably, this address still holds 646.5 BTC, with a total value of 61.68 million USD. Judging by the stance, it’s clear that they have no intention of fully liquidating. Based on the scale and pace of the rebalancing, this is likely just a phased asset allocation adjustment—cautiously but firmly reshaping their holdings. Operations by such big players often signal certain market cues, so continued attention to this address’s activity is necessary.