On-chain whale of 101f completes large-scale asset rebalancing: 22,344 ETH fully converted to WBTC

MevWhisperer · 2026-01-21T18:15:39+00:00

Recently, on-chain whales completed a large-scale asset allocation adjustment, converting all 22,344 ETH (approximately $70.06 million) into 774.1 WBTC, marking a shift in preference towards the Bitcoin ecosystem and a reallocation of institutional funds. This transaction significantly reflects market sentiment and investors' strategic positioning.

MevWhisperer

2026-01-21 18:15:39

Abstract generation in progress

According to recent monitoring by PANews, an on-chain whale is executing a large-scale asset allocation adjustment. Through 101f on-chain data tracking, this whale has recently completed a strategic conversion of all its positions, shifting its holdings from Ethereum assets to the Bitcoin ecosystem.

On-Chain Whale’s Rebalancing Overview

101f analyst Yu Jin’s monitoring shows that this major fund began its rebalancing plan in early January. After multiple transactions, the full conversion has been officially completed. Specifically, the whale has cumulatively exchanged 22,344 ETH (equivalent to approximately $70.06 million at the time) for 774.1 WBTC. This transaction involves a significant amount of capital, with a single conversion scale that is typical of large institutional moves in the crypto market.

Cost of Position Building and Market Significance

According to on-chain data, the average entry price for WBTC during this rebalancing was $90,505. Currently, WBTC is quoted at around $87,490, while ETH is trading near $2,890. This rebalancing reflects the whale’s optimism about the Bitcoin ecosystem and also demonstrates the current trend of institutional funds reallocating across different asset classes.

Movements of such on-chain whales are often regarded as important indicators of market sentiment. The disclosure of 101f monitoring data helps investors better understand the strategic layout of institutional capital.

ETH1,86%

WBTC0,85%

BTC0,83%

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