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The big whale's move is quite interesting. A certain wallet completed a large rebalancing operation within 7 hours, converting all 14,145.93 ETH into 492.16 BTC, with a total value of $44.195 million.
The data details are quite meticulous—this batch of BTC has an average cost basis of $89,796.47, with an unrealized profit of $213,000. Currently, the ETH originated entirely from funds received by this wallet from three different addresses over the past two weeks. These addresses were all established back in early 2022, with an entry price of about $2,916.
At the time of the rebalancing, ETH was priced at $3,125.68, meaning this ETH has already yielded significant profits since its acquisition. But the whale's decision to shift chips from Ethereum to Bitcoin now is worth pondering—are they optimistic about BTC's short-term performance, or are they adjusting their asset allocation? The subtle shifts in market sentiment are sometimes reflected in such large-scale rebalancing actions.