A notable whale recently converted 163 BTC into 4.717 ETH ($14.68 million) through THORChain. This is part of a larger trend, as in the last 18 days, this whale has traded a total of 1.632 BTC for 48.364 ETH ($145 million).
Another whale faces significant floating losses of approximately $17.1 million amid a market downturn. However, instead of selling, it has increased its holdings by adding 24,000 ETH to its long positions, raising its total position to $666 million in ETH, BTC, and SOL.
These movements of the "whales" (large cryptocurrency holders) suggest that the most significant investors are reorganizing portfolios and maintaining a long-term perspective despite the current market volatility.
