Whale: Swaps 1,074 BTC for 35,346 ETH in 3 Days
@EmberCN reports an institutional whale sold 1,074.3 BTC for 89.39 million USDC and bought 35,346 ETH at a $2,529 average over three days via Hyperliquid to Arbitrum flow.
SourceAnalysis
Whale sold another 236.6 BTC for 19.71 million USDC to purchase 7,845 ETH in the past day, bringing the three-day total to 1,074.3 BTC converted into 35,346 ETH at an average price of $2,529.
The address cluster has now offloaded 837.8 BTC cumulatively for 27,500 ETH worth $69.68 million at a $2,534 average, routing funds from Bitcoin withdrawn from HTX 18 months ago through Hyperliquid, then USDC via Arbitrum to Ethereum for the ETH purchases.
ETH trades at $2502.09 below the EMA50 resistance at $2547.92 in a bearish structure, yet the MACD golden cross at -9.83 shows building momentum while price remains inside the Bollinger bands with support at $2466.73 and resistance at $2567.95; a test of the upper band could precede a pullback toward the 50-EMA before any sustained move higher.
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@EmberCNAnalyst about On-chain Analysis