Big whale completes $34 million BTC to ETH transfer within 2 days, average price $3273

【BlockBeats】On-chain data shows that a large whale has been active frequently over the past two days. This major holder sold 363 BTC in batches at an average price of $3,273, totaling approximately $34 million. Interestingly, these funds did not flow into stablecoins but were directly invested into Ethereum—ultimately exchanging for 10,390.5 ETH.

From the timing of the transactions, this is not a hasty market reaction but a considered adjustment of positions. The whale chose to reduce some holdings of BTC at recent high levels and increased its ETH holdings, a logic that is worth players’ consideration. Such large fund flows often reflect institutional judgments about the market outlook in stages.