Whale Swaps 464 BTC for 17,750 ETH, Worth $27.56 Million

News Editor

2026-06-26 11:46:54

According to Lookonchain, a whale address (0x8dCe...) converted 464 BTC (~$27.56M) into 17,750 ETH two hours ago. The large swap signals a major position shift from Bitcoin to Ethereum, potentially reflecting a bullish short-term outlook on ETH.

whale movementBTCETHposition swapon-chain monitoringLookonchain

On-chain monitoring platform Lookonchain reported that a whale address starting with 0x8dCe executed a major position swap two hours ago: selling 464 BTC (worth approximately $27.56 million) and purchasing 17,750 ETH in return. The transaction has drawn market attention, indicating a shift in large holders' allocation from Bitcoin to Ethereum.

While the whale's exact strategy remains unclear, such large-scale swaps are often interpreted as institutional or high-net-worth investors adjusting their portfolios. Based on current market prices, the whale's average entry price for ETH is roughly $1,553 per coin.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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