837.8 BTC Rotated Into 27,500 ETH in On-Chain Shift
Photo: TokenPost
A whale or institution has rotated 837.8 Bitcoin (BTC) into 27,500 Ether (ETH), shifting exposure between the two largest crypto assets in a transaction valued at about $69.68 million. The Ether purchases were made at an average price of $2,534. The activity represents a cumulative sale of the Bitcoin position and a corresponding accumulation of ETH. The transaction route began with Bitcoin withdrawn from HTX about 1 1/2 years ago. The BTC was later sent to Hyperliquid and converted into USDC, a dollar-pegged cryptocurrency.
Source: TokenPost
