Interesting on-chain movement—A leading strategic reserve fund just withdrew $15.07 million worth of BTC from a lending platform and converted it all into ETH. There are many stories behind this move: those WBTC were purchased early last year at an average price around $104,700, and now selling them incurs an unrealized loss of nearly $2 million. However, the 4,600+ ETH bought afterward have an average cost of over $3,260. This major shift from Bitcoin to Ethereum reflects new strategic thinking among large holders regarding asset allocation. Wallet data is available on-chain, and interested friends can track subsequent changes themselves. Movements by such top addresses often signal subtle shifts in market sentiment.

BTC-1.73%
ETH-2.79%
WBTC-1.84%
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TradingNightmarevip
· 01-07 04:49
Still daring to switch tracks after a 2 million loss? You must have a really strong mindset.
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ser_aped.ethvip
· 01-07 04:49
A loss of 2 million directly cut, how strong is this mentality --- Bitcoin is in hand, switching to Ethereum, it feels like big players are also betting on the direction --- What does this move mean, is BTC no longer attractive? Feels a bit aggressive --- On-chain shows it clearly, this kind of transfer always hints at something, gotta keep a close eye --- Able to endure a 2 million loss and still heavily invest in ETH, is this faith or gambler's psychology --- Seeing actions from these top wallets just makes me want to follow, but I always feel a step behind --- WBTC to ETH, probably preparing for a certain narrative --- If only this move could signal a market turn, but unfortunately, we are all armchair strategists after the fact
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StealthMoonvip
· 01-07 04:41
Losing 2 million can still be converted to ETH; how confident are you in Ethereum to make such a move?
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MissedTheBoatvip
· 01-07 04:36
Selling BTC to buy ETH? This move is a bit aggressive, directly taking a 2 million loss just to adjust the portfolio...
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tx_or_didn't_happenvip
· 01-07 04:29
Still daring to change chips after losing 2 million? This mental toughness is unmatched
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JustHereForAirdropsvip
· 01-07 04:27
Wow, a paper loss of 2 million and still able to calmly switch positions—this mental toughness is incredible.
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