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.

According to Lookonchain, Ethereum address 0x4553 swapped 14,146 ETH worth about 44.3 million for 492 WBTC over the past 7 hours at 0.03479 WBTC per ETH. Source: Lookonchain on X on Jan 3, 2026; Arkham Intel explorer. Based on those figures, the execution implies roughly 3,132 per ETH and about 90,041 per BTC. Source: calculations using figures reported by Lookonchain on X on Jan 3, 2026. Lookonchain also reports the wallet accumulated 21,000 ETH between 2019 and 2023 at an average cost of 2,922, so the swap equals about 67.4 percent of that stack and leaves around 6,854 ETH. Source: Lookonchain on X on Jan 3, 2026; calculations using Lookonchain data. For traders, the on-chain fill at ETH/BTC 0.03479 provides a concrete reference level for the cross and evidences rotation from ETH into BTC by this wallet during the session. Source: Lookonchain on X on Jan 3, 2026; Arkham Intel explorer.

According to Ai 姨 on Twitter, a significant Ethereum (ETH) whale has converted 3720 ETH into 70 Wrapped Bitcoin (WBTC) and cbBTC, valued at $6.12 million, across three addresses. This move suggests a strategic shift towards Bitcoin, possibly anticipating a bullish trend. The transactions have been monitored on intel.arkm.com, providing transparency and insights into whale activities. Such large-scale conversions can influence market dynamics, and traders should consider the implications for both ETH and BTC market movements.