A whale or institution sells 1,312.1 BTC and buys 43,275 ETH in 4 days
According to blockchain analyst Ember, a whale or institution has continued to “sell BTC and buy ETH.” Over the past day, the address sold 237.8 BTC for 19.7 million USDC and bought 7,929 ETH.
Over 4 days, the address sold a total of 1,312.1 BTC for 109.1 million USDC and bought 43,275 ETH. Its average purchase price for ETH was $2,521, and it is currently sitting on an unrealized loss of about $4.15 million. This unrealized loss reflects the current paper value and is not a realized loss.
Some of the disclosed transaction routes involved transferring BTC on the Bitcoin network to Hyperliquid, selling it for USDC, and then withdrawing the funds to Arbitrum. Going forward, it may be worth watching whether the address continues converting assets, and whether its related ETH holdings are transferred or sold.
Impact and points to watch: These on-chain transactions show that the address has continued to adjust its allocation between BTC and ETH in the short term, but trades by a single whale or institution do not directly represent the overall market trend. The available information only reflects the transactions disclosed by the blockchain analyst and the paper loss; it does not constitute a judgment about future price performance or returns.
Follow-up checks: Whether the address continues to sell BTC and accumulate ETH; whether its ETH holdings are transferred or sold; and whether the unrealized loss of about $4.15 million widens or narrows as the price of ETH changes.
Source: PANews Chinese news brief
Source time: 2026-10-15 08:48 Beijing time
Risk warning: This article is for informational purposes only and does not constitute investment advice.
According to blockchain analyst Ember, a whale or institution has continued to “sell BTC and buy ETH.” Over the past day, the address sold 237.8 BTC for 19.7 million USDC and bought 7,929 ETH.
Over 4 days, the address sold a total of 1,312.1 BTC for 109.1 million USDC and bought 43,275 ETH. Its average purchase price for ETH was $2,521, and it is currently sitting on an unrealized loss of about $4.15 million. This unrealized loss reflects the current paper value and is not a realized loss.
Some of the disclosed transaction routes involved transferring BTC on the Bitcoin network to Hyperliquid, selling it for USDC, and then withdrawing the funds to Arbitrum. Going forward, it may be worth watching whether the address continues converting assets, and whether its related ETH holdings are transferred or sold.
Impact and points to watch: These on-chain transactions show that the address has continued to adjust its allocation between BTC and ETH in the short term, but trades by a single whale or institution do not directly represent the overall market trend. The available information only reflects the transactions disclosed by the blockchain analyst and the paper loss; it does not constitute a judgment about future price performance or returns.
Follow-up checks: Whether the address continues to sell BTC and accumulate ETH; whether its ETH holdings are transferred or sold; and whether the unrealized loss of about $4.15 million widens or narrows as the price of ETH changes.
Source: PANews Chinese news brief
Source time: 2026-10-15 08:48 Beijing time
Risk warning: This article is for informational purposes only and does not constitute investment advice.