2026-01-03 04:24:25

I recently came across an interesting trading move. A whale address completed a significant rebalancing within the past 7 hours — exchanging 14,145.93 ETH for 492.16 BTC, involving a total of $44.195 million.

What makes this operation intriguing is the background story. These ETH were not accumulated overnight but were gathered over the past two weeks from three different addresses, all of which started building positions in early 2022, with an average cost of around $2,916 at that time.

Fast forward to the rebalancing moment, ETH was quoted at $3,125.68, while the newly established BTC position had an average cost of $89,796.47. As of now, this rebalancing has realized a floating profit of $213,000.

From the perspective of long-term holders, this shift from Ethereum to Bitcoin seems to reflect a certain judgment by market participants about the current phase — that time and patience may need to be reset on a new asset.

ETH0.51%

BTC0.31%

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SignatureDenied

· 10h ago

Whales are betting on the next round of BTC's market... Forget it, after calculating this, it's clear that they are not so optimistic about ETH's prospects.

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AltcoinTherapist

· 10h ago

Whales are starting to move their holdings again, this time moving from ETH to buy the bottom of BTC? But considering the cost difference... it seems this guy has been lurking for a long time. Just rebalancing the portfolio, no big deal. Anyway, I can't quite figure out the whales' intentions. Wait, are two years of patience just being transferred like that? Tough guy.

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OnchainHolmes

· 10h ago

This whale probably saw something we can't see Selling ETH to buy BTC, this bet is pretty aggressive Only earning 210,000 in two years, doesn't seem very good Short-term explosive profits, switching positions directly, really bold This rhythm... feels like someone is about to push the market up I should have switched along with it earlier, I'm so regretful Is this wave of BTC really about to rise?

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ChainBrain

· 10h ago

Damn, the whale's move is really brilliant. Going all in on BTC directly from ETH, it looks like Bitcoin is about to take off this time. This guy's intuition is impressive. With a cost basis of 2916, now holding BTC has immediately realized a profit of 210,000, and he's got the rhythm nailed down. Is ETH really going to become a second-tier asset? More and more big players are fleeing... Rebalancing isn't cutting losses; it's about finding a new direction. I accept this logic. From EVM to PoW, is this a bet on Bitcoin's next cycle? A bit bold. Reminded me, last year around this time, we were saying Ethereum was the trend, but look at it now. Whales are playing the rebalancing game, while retail investors are still struggling over whether to hold or not...

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GasFeeNightmare

· 10h ago

Once again, whales are playing the ETH to BTC transfer game, and this time they made a killing... But honestly, the guys who built their positions in 2022 are now shifting to BTC. This move is quite interesting. Are they fleeing Ethereum or are they optimistic about Bitcoin? I just want to know what’s next. Switching over four million dollars at will is just outrageous... Wait, what is this implying? I feel like long-term holders are starting to deviate from ETH. Can BTC still attract funds? This pace is a bit fast. Thinking back to those who accumulated ETH in the early days, should they regret or feel fortunate now... Switching positions and making a profit of 210,000? Should I reflect on my life? Whales always act one step ahead of us. So annoying.

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