Whale activity exposed: BTC whales quietly switching to ETH, with over 600 Bitcoins on standby

NullWhisperer · 2026-01-14T01:52:13+00:00

Recently, a major whale adjusted its asset allocation through THORChain, exchanging 282.1 BTC for 8,098 ETH, indicating institutional judgment on the short-term market trend. Currently, it still holds 646.5 BTC and may continue to shift towards ETH, reflecting the increasing attractiveness of ETH.

NullWhisperer

2026-01-14 01:52:13

Abstract generation in progress

【BlockBeats】On-chain monitoring data shows that a whale/organization has recently been adjusting its asset allocation. This entity made two transactions in the past 10 hours, using the THORChain cross-chain exchange tool to convert all 282.1 BTC (worth approximately $26.33 million) into 8,098 ETH, with an exchange rate of $3,251 per ETH at the time.

Interestingly, this whale still holds 646.5 BTC (about $61.68 million). Based on the current holdings, this rebalancing might just be the beginning. At this pace, it is likely that there will be continued inflows of BTC to ETH. Such large-scale rebalancing usually indicates the institution’s short-term market outlook and also reflects the increasing attractiveness of ETH recently.

BTC3,08%

ETH5,01%

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SatoshiChallenger

· 11h ago

282 BTC exchanged for ETH? Interesting, is this guy optimistic about Ethereum or just thinks BTC is too boring [cold laugh] --- Objectively speaking, still holding 646 BTC without moving, which shows this brother isn't so sure either. If you ask me, this is a typical case of hedging anxiety --- Ironically, every time a big holder rebalances, it's interpreted as a "market signal." I just want to ask, what about the times they missed? --- The data looks good, but don't forget that in 2021, big players were also frantically rebalancing. And the result was... --- Two transactions over more than 10 hours, specifically using THORChain. This operation is a bit deliberate, huh --- If you're really bullish on ETH, why not go all in directly and leave so much BTC... what does that say? --- Here's a question: who is monitoring this data? On-chain data is transparent, but how accurate are the labels?

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LoneValidator

· 11h ago

Whales are really ruthless, swapping 282 BTC on a whim, and still holding 646 waiting in the wings. What are they hinting at to us? When did ETH become so attractive recently? I didn't notice. This rhythm suggests there are big moves coming, we need to keep a close watch. Swapping 282 BTC for ETH at this scale, it's really something. Institutions are quietly adjusting their positions, while we retail investors are still hesitating here. There are still over 600 BTC untouched, and that's the key. Let's wait and see what happens next. Big players' money can come and go as they please.

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FlashLoanKing

· 11h ago

Are whales just shaking out hundreds of millions, or is this just the beginning? This pace is pretty intense. --- Big players are probably betting on ETH taking off. Why do I feel like I should jump in too? --- 282 Bitcoin is just the appetizer? Are the remaining 646 on their way too? --- The rebalancing signals are so clear; institutions seem to think ETH is about to explode. --- THORChain just moved over 26 million in such a short time. There are definitely bigger moves coming. --- Wait, whales still hold over 600 BTC. If they all dump into ETH, that would be too exaggerated. --- Looking at this pace, Ethereum really has something going on this time. --- Institutions are rushing into ETH. Should we retail investors keep holding BTC or chase after it?

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