On-chain monitoring data shows that a large holder with a position exceeding 4 years adjusted their strategy today. This whale address, which accumulated holdings through multiple exchanges since early 2022, began rebalancing today — selling 14,145 ETH (equivalent to approximately $44.3 million) and switching to buy 492 WBTC as an alternative allocation.

Regarding transaction details, the exchange rate for this rebalancing was approximately 0.03478, and the average cost basis for WBTC was around $90,014. From a holding logic perspective, long-term holders shifting from Ethereum to Bitcoin may reflect a rethinking among market participants about asset allocation. Such large-scale actions by major holders often provide some reference signals for the market.