According to Odaily Odaily, on-chain data analyst Yu Jin detected that a whale who has held ETH for four years has chosen to switch its ETH holdings to BTC today.
The whale has sold 14,145 ETH (approximately $44.3 million) for 492 WBTC at an exchange rate of 0.03478, with an average cost of $90,014 for the WBTC.
This address held 22,344 ETH (approximately $65.15 million) that were withdrawn and accumulated from trading platforms such as Kraken, Bitfinex, and Poloniex four years ago (early 2022), with an average withdrawal price of $2,916.
