A huge whale movement exposed! A mysterious big player is frantically swapping positions: within 18 days, 1,632 units of $BTC were all swapped across chains for $ETH !

The latest transaction was just today, where 163 BTC were exchanged for 4,717 ETH all at once through THORChain. This is no ordinary operation — counting from November 25, in just 18 days, a total of 48,364 ETH has been swapped, with an average locked cost of $3,011.

Let's do the math: at the current price, these BTC are worth nearly $105 million! Such large-scale and sustained position swapping is clearly not a retail operation. Is it an institutional reallocation? Or is the whale positioning itself in advance?

Will the ETH/BTC exchange rate be influenced by this wave of operations? Share your thoughts in the comments! 👇