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Whale/Institution Converts 282.1 BTC to ETH via THORChain, Still Holds 646.5 BTC

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BTC news today, January 14, shows a whale or institution swapping 282.1 BTC (about $26.33 million) to 8,098 ETH via THORChain at $3,251 per ETH. The entity still holds 646.5 BTC (around $61.68 million), suggesting ongoing BTC accumulation activity. The move reflects continued BTC-to-ETH reallocation.

BlockBeats news: On January 14, according to on-chain data analyst Yujin's monitoring, a whale/institution is transferring assets from BTC to ETH.


The whale made two transactions 10 and 7 hours ago, using the cross-chain exchange tool THORChain to swap 282.1 BTC (approximately $26.33 million) into 8,098 ETH, at an ETH price of $3,251. The whale still holds 646.5 BTC (approximately $61.68 million) and is likely to continue rebalancing their portfolio.

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