According to PANews, since November 25, a particular address has been actively converting Bitcoin (BTC) to Ethereum (ETH) using THORChain. On December 15 alone, the address exchanged 317 BTC for 9,105 ETH, amounting to approximately $28.15 million. Over a span of 20 days, a total of 2,289 BTC has been converted into 67,253 ETH, with the cumulative value exceeding $204 million. The average cost per ETH during this period was around $3,036. Concurrently, the ETH/BTC exchange rate increased from 0.0322 to 0.0347, indicating a slight appreciation of ETH relative to BTC.

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