Whale Rebalancing Signal: WBTC to WETH, large holders are quietly reallocating their positions

robot
Abstract generation in progress

【Blockchain Rhythm】On-chain monitoring data shows that the WLFI Strategic Reserve address had a large movement on January 7. This address withdrew 162.69 WBTC from Aave in one go, equivalent to approximately $15.07 million. But this is not the end of the story — subsequently, through the Cowswap platform, they sold 27.1 WBTC and exchanged it for 770.6 WETH, with a transaction amount reaching $2.5 million. What signals does this operation reveal? The conversion from BTC to ETH usually indicates an adjustment in holding strategies. This large holder doesn’t seem to have plans to stop; they may continue to adjust their positions in the future. For traders paying attention to whale movements, such large transfers often reflect market participants’ changing attitudes toward short-term trends.

WBTC0,32%
BTC0,33%
ETH0,58%
View Original
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
  • 8
  • Repost
  • Share
Comment
0/400
zkProofGremlinvip
· 01-08 22:50
Is BTC crashing towards ETH? This whale probably has a bearish outlook on Bitcoin, or do they think Ethereum is about to take off?
View OriginalReply0
NFT_Therapy_Groupvip
· 01-07 17:20
Whales are starting to rebalance their portfolios again. I've seen this move from BTC to ETH too many times... This time, this guy really has a plan.
View OriginalReply0
WhaleMistakervip
· 01-07 08:16
Whales are starting to sell off again, smashing BTC into ETH... This rhythm feels off. Is it bearish or just a simple adjustment?
View OriginalReply0
MevTearsvip
· 01-07 03:09
Whales are moving, so we have to keep an eye on it. The move from BTC to ETH is definitely not just a simple rebalancing.
View OriginalReply0
HashBrowniesvip
· 01-07 03:09
Whales are secretly reallocating their positions, swapping BTC for ETH. Are they bullish on Ethereum's momentum...
View OriginalReply0
BrokenDAOvip
· 01-07 03:00
Talking about whale movements again, I've heard this spiel too many times. Can you tell the attitude has changed just by swapping BTC for ETH? Come on, it's just an arbitrage window, don't overthink it.
View OriginalReply0
LiquidationWizardvip
· 01-07 02:48
Starting to rebalance again, what trend are the whales sensing? BTC is crashing towards ETH, looks like we need to keep a close eye.
View OriginalReply0
OfflineNewbievip
· 01-07 02:43
It looks like the whales are quietly moving their positions again. The move to swap BTC for ETH is quite interesting.
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)