Latest Update
2026-11-07 17:22 UTC

OnchainLens: Whale Swaps $1.1M ETH for Bitcoin

OnchainLens: Whale Swaps $1.1M ETH for Bitcoin

OnchainLens reports a whale swapping 493.15 ETH worth $1.10M for roughly 14.5 BTC valued at $1.09M via THORChain at ETH prices near $2234 and BTC at $75737.

Source

Analysis

OnchainLens flagged a whale executing a $1.1M rotation out of ETH into BTC, moving 493.15 ETH through THORChain for approximately 14.5 BTC while spot prints showed ETH at $2234 and BTC at $75737.

Price sits at $2236.19 inside the Bollinger band with upper resistance at $2425.84 and lower support at $2127.39; the structure remains bearish as price trades below both the EMA50 at $2282.43 and the EMA200 at $2405.49 while MACD prints a death cross at -18.32 and RSI holds neutral at 41.09, keeping downside pressure intact toward the lower band unless a reclaim of the 50-EMA occurs first.

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