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A certain whale started reallocating from ETH to BTC after holding ETH for 4 years.
On January 3rd, according to on-chain data analyst Yu Jin, a whale who has held ETH for over 4 years today chose to swap their ETH for BTC. The whale has currently sold 14,145 ETH ( approximately 44.3 million USD ) to exchange for 492 WBTC, at an exchange rate of 0.03478, with an average cost of 90,014 USD per WBTC. This address was accumulated 22,344 ETH ( approximately 65.15 million USD ), transferred from CEX, CEX, Poloniex, and other trading platforms, four years ago (2022 ), with an average withdrawal price of 2,916 USD.