Whales: Swap 246.2 BTC for 10,636 ETH in One Day
@EmberCN reports whales sold 246.2 BTC worth $20.36 million and bought 10,636 ETH in the past day, extending an 11-day rotation of 1,847.3 BTC into 63,731 ETH at roughly $2,400 average.
SourceAnalysis
Whales tracked by @EmberCN sold another 246.2 BTC ($20.36 million) and purchased 10,636 ETH over the last 24 hours. Since October 11 the same addresses have moved 1,847.3 BTC into 153 million USDC and acquired 63,731 ETH at an average price near $2,400.
Funds originated from HTX withdrawals 18 months ago, flowed through Hyperliquid into USDC, then bridged via Arbitrum to Ethereum for the ETH purchases. On the 4-hour chart ETH trades at $2,478.48 inside the Bollinger Bands with the upper band at $2,509.03 acting as immediate resistance. Price sits above the EMA50 at $2,451.38 while the EMA200 at $2,514.96 caps the move; the MACD golden cross at 15.87 and neutral RSI of 57.32 suggest continuation toward the upper band before any pullback to the 50-EMA support.
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@EmberCNAnalyst about On-chain Analysis