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Whale Converts $38.84M BTC to ETH via THORChain

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On January 16, 2026, the price of ETH moved as a whale or institution converted 404 BTC ($38.84 million) into 11,533 ETH via THORChain. This followed a $26.33 million BTC-to-ETH swap the previous day. ETH analysis shows that the total conversion reached 686.1 BTC ($65.17 million) into 19,631 ETH, at an average ETH price of $3,302.

BlockBeats news: On January 16, according to Ash Monitor, a whale or institution that moved BTC to ETH the day before continued today to sell 404 BTC (worth $38.84 million) through cross-chain exchange tool THORChain, obtaining 11,533 ETH.


Over two days, he converted a total of 686.1 BTC (65.17 million USD) into 19,631 ETH, with an average ETH exchange price of 3,302 USD.

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