A whale has started to reallocate holdings from ETH to BTC after 4 years of holding.

BlockBeats News, January 3rd, according to on-chain data analyst Wu Jinyan's detection, a whale holding ETH for 4 years has today chosen to swap ETH for BTC.

The whale has currently sold 14,145 ETH (approximately $44.3 million) in exchange for 492 WBTC, at an exchange rate of 0.03478, with an average cost of $90,014 per WBTC.

The address withdrew and hoarded 22,344 ETH (approximately $65.15 million) from exchanges such as Kraken, Bitfinex, and Poloniex 4 years ago (early 2022), at a withdrawal average price of $2,916 per ETH.