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BTC-to-ETH swap detected: reported total reaches 63,731 ETH

According to an on-chain analysis dated October 22, a whale or institution sold an additional 246.2 BTC, worth about $20.36 million, over the previous day and bought 10,636 ETH. Since October 11, the account has sold a total of 1,847.3 BTC over 11 days for 153 million USDC, then used the proceeds to buy 63,731 ETH at an average price of about $2,400, according to the report.

The latest daily activity is part of the cumulative total and should not be added again. The cumulative average price also differs from the execution price of the latest purchases. This report updates the previous account with a larger total and describes the reallocation of existing assets from Bitcoin to Ethereum; it does not establish that new traditional cash entered the cryptocurrency market.

2026-10-22 01:32 UTC

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