Markets· ★★★· neutral·

Anonymous whale swaps 246 BTC for 8,286 ETH in $20.64M trade

  • —246.25 BTC sold for 8,286 ETH in one session
  • —Each leg of the trade priced at $20.64 million
  • —Swap flagged by on-chain tracker Lookonchain
  • —Trade came as bitcoin's price slipped
Why it matters: Large BTC-to-ETH rotations by whales can signal shifting institutional preferences and add pressure on bitcoin's price.
Source: Coinotag