Two "ancient whales" unexpectedly shift capital from Bitcoin to Ethereum with a scale of over 1.6 billion USD
According to on-chain data, two "ancient whale" wallets have just executed a series of large-scale transactions, converting from Bitcoin to Ethereum:
• Whale 1:
• Sold 6,000 BTC (~690 million USD at a price of 115,000 USD).
• Bought 152,494 ETH spot (~724 million USD at a price of 4,750 USD).
• Whale 2:
• Sold 3,142 BTC (~360 million USD).
• Bought 55,090 ETH spot (~262 million USD).
• At the same time, opened 135,263 ETH perpetual long contracts (notional ~643 million USD).
➡️ In total, these two whales have sold 9,142 BTC (worth ~1.05 billion USD) and accumulated 207,584 ETH spot (~986 million USD). Along with the derivative position, total ETH exposure amounts to 342,847 ETH (notional value approximately 1.63 billion USD).
📈 Currently, this capital rotation portfolio is making a profit of about 110 million USD from the ETH/BTC conversion transaction.
