A whale started switching its holdings to BTC after holding ETH for 4 years.

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On January 3, according to on-chain data analyst Yu Jin, a whale who has held ETH for four years chose to switch ETH 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This address held 22,344 ETH (approximately $65.15 million) that were withdrawn and accumulated from trading platforms such as Kraken, Bitfinex, and Poloniex four years ago (early 2022), with an average withdrawal price of $2,916.

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