Lookonchain has its eye on a mysterious whale: Over 11 days, it sold 1,917.7 $BTC (about $159 million) and converted it all into 64,545 $ETH (about $155 million). Today’s latest move was selling 246.25 BTC for 8,286 ETH—a dollar-for-dollar swap, with machine-like precision. Nearly $300 million in ongoing rotation between $BTC and $ETH suggests someone is quietly betting that ETH’s relative value is undervalued—but don’t rush to copy the trade. This volume is a drop in the ocean compared with average daily trading, and whales can be wrong or suddenly dump their holdings. On-chain data can tell you only “what they’re doing,” never “whether they’re right.” Watch, but don’t follow. #巨鲸 #ETH #BTC