Whale sells $54M in ETH to buy BTC

An anonymous whale address beginning with 0x4553 has swapped its entire holdings of 30,139 ETH for 859 BTC, valued at approximately $54.09 million, according to a report from EmberCN. The swap occurred as the ETH/BTC ratio stands at 0.0285. EmberCN suggested the move indicates the whale anticipates ETH will underperform BTC, with plans to repurchase a larger amount of ETH if the ratio declines further.