Whale swaps $27.6M in BTC for ETH

According to on-chain analysis platform Lookonchain, an anonymous whale with the address "0x8dCe" swapped 464 BTC, worth approximately $27.56 million, for 17,750 ETH about two hours ago. Lookonchain noted that the move suggests the whale is rebalancing its portfolio by selling its Bitcoin holdings and moving the funds into Ethereum.