According to @EmberCN, an ETH whale who began rotating to BTC yesterday swapped another 7,828 ETH, about $24.6M, for 269 WBTC about one hour ago, source: @EmberCN on X, DeBank address debank.com/profile/0x4553e3bc6327006a63c5aa4cdac887f66b6a433e, X post dated Jan 4, 2026 https://x.com/EmberCN/status/2007777853564403911. In total the address has exchanged 21,973 ETH, about $68.9M, into 761.4 WBTC at an average WBTC cost basis of $90,491, leaving only 370 ETH, about $1.16M, remaining, source: @EmberCN on X and DeBank. Yesterday's tranche included selling 14,145 ETH, about $44.3M, for 492 WBTC at a 0.03478 rate with an average WBTC cost of $90,014, source: @EmberCN on X https://x.com/EmberCN/status/2007259884774142068 and DeBank. The wallet originally accumulated 22,344 ETH from centralized exchanges around early 2022 at an average entry of $2,916, per on-chain history shared by @EmberCN, source: @EmberCN on X and DeBank. For traders, the whale's realized WBTC cost basis near $90k is a transparent reference for tracking flow-driven levels on BTC spot and perps that mirror WBTC pricing, source: @EmberCN on X and DeBank.