A certain whale/institution has cumulatively sold 837.8 BTC and rotated into buying 27,500 ETH.

BlockBeats news, October 13th, according to on-chain analyst Ember's monitoring, as of now, a certain whale/institution has cumulatively sold 837.8 BTC and bought 27,500 ETH, worth approximately $69.68 million, with an average ETH purchase price of $2,534.

The operation path is: transferring Bitcoin on-chain BTC withdrawn from HTX a year and a half ago into Hyperliquid, selling it for USDC; then withdrawing the USDC to Arbitrum, bridging it to Ethereum, and finally buying ETH on-chain.