Markets· ★★★· neutral· October 13, 08:54

Whale sells 837.8 BTC to buy 27,500 ETH worth $69.68M

—837.8 BTC sold, roughly 27,500 ETH bought
—Total value $69.68 million; average ETH price $2,534
—BTC withdrawn from HTX about 18 months ago and sold on Hyperliquid for USDC
—USDC bridged via Arbitrum to Ethereum and used to buy ETH on-chain

Why it matters: A large BTC-to-ETH rotation could signal shifting institutional preference toward Ethereum.

Source: PANews

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