2026-01-03 03:34:26

It seems that diamond hands also need to move with the market 😬

A whale address completed a significant transfer operation in the past 7 hours: exchanging 14,145.93 WETH for 492.16 WBTC, involving a fund scale of $44.195 million. The average cost basis for this WBTC position is $89,796.47, with an unrealized profit of $213,000 so far.

Interestingly, the sources of these ETH are quite particular—they were received from three different addresses, and the construction times of these addresses trace back to early 2022, with an average cost basis of about $2,916. Since entering the market in early 2022, the holding period has exceeded 2 years. At the time of the swap, ETH was priced at $3,125.68. This move from ETH to BTC also reflects this large holder's outlook on the market's future trends.

WBTC0,23%

ETH-0,39%

BTC0,11%

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NftBankruptcyClub

· 15h ago

Whales are starting to rebalance their portfolios, so what are we small investors still hesitating for?

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MetaverseVagrant

· 15h ago

Whales are playing the rebalancing game again, it seems they think ETH is going to cool off. Two years of diamond hands, and now the pace is incredible. I also need to consider it. Floating profit of $213,000, easy to say. Their scale is truly unaffordable. From 2916 to now, big players are big players. Moving just a little can be worth tens of millions. Is this bearish on ETH or bullish on BTC? Anyway, it's not the rhythm of both soaring to the sky.

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LonelyAnchorman

· 15h ago

Seeing the big players move again, this rhythm... I have to learn from it. This gentleman hasn't moved since the end of 2022. Now he's suddenly liquidating ETH and pouring into BTC. It's hard to tell whether he's bearish on ETH or more optimistic about Bitcoin. If I had known earlier, I wouldn't have held on so stubbornly.

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WalletDivorcer

· 15h ago

Over 44 million directly reallocated, what is this whale hinting at... --- From the end of 2022 to now, this move has been quite profitable. Truly, one should learn from their patience. --- Diamond hands are also starting to time the market. Is ETH really not that attractive anymore? --- Wait, does this mean bearish on ETH and bullish on BTC? You seem to know your stuff. --- Holding for two years with such a large unrealized gain and still daring to move—your perspective is indeed different.

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OnchainSniper

· 15h ago

Over 44 million invested in BTC, this guy really believes in what's coming next.

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