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#数字资产市场动态 Whale whales have been rebalancing their portfolios on a large scale for two consecutive days, this time shifting from $BTC to $ETH.
According to on-chain data monitoring, this institutional investor just converted Bitcoin into Ethereum the day before yesterday, and yesterday they made another move—using cross-chain tools like THORChain to directly sell 404 BTC, equivalent to $38.84 million, and simultaneously buy 11,533 ETH.
What's even more interesting is that the combined scale of these two days' actions is quite significant. A total of 686.1 BTC (worth $65.17 million) was fully converted into 19,631 ETH by this major holder. Calculated, the average cost of the ETH acquired is approximately $3,302.
From the data, this is not a casual operation. Large funds have a clear attitude in both markets—optimism about Ethereum's recent performance. Market observers are paying close attention, as such large portfolio adjustments often reflect institutional market sentiment.