2026-01-16 07:00:53

A major institution has been making big moves these days. The day before yesterday, they just switched from BTC to ETH, and today they continued to add more—using the cross-chain exchange tool THORChain, they directly exchanged 404 BTC (worth about $38.84 million) for 11,533 ETH.

Let's look at the overall scale of this rebalancing: over 48 hours, they sold a total of 686.1 BTC, equivalent to approximately $65.17 million, all converted into 19,631 ETH. The average cost per ETH in this exchange was around $3,302.

Such large cross-chain exchanges usually indicate that institutions are adjusting their strategies. The concentrated rebalancing from Bitcoin to Ethereum may reflect differing short-term outlooks on the two assets. This is also a signal that market participants should pay attention to.

BTC-2,28%

ETH-4,53%

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blockBoy

· 01-19 06:23

Big institutions' moves... I can't quite understand them. Do you really think ETH is about to take off? Or is there some risk signal in BTC that I haven't noticed? --- 686 BTC was converted into ETH in two days. They must be very bullish on Ethereum. But it feels a bit like gambling. --- Wait, is the average ETH price $3302? This pace seems a bit fast... Are institutions really optimistic or just trying to shake out the retail investors? --- No... Why insist on using Thorchain? Feels like they're testing something. --- This operation looks like someone knows some insider information. I just want to know where the bottom line is. --- Over $60 million in repositioning... I'm just a retail investor watching the show. What can I do? --- In 48 hours, this move is a bit rushed. Is a short-term trend reversal coming? --- So should I chase ETH now or run away? Someone please clarify.

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AlwaysMissingTops

· 01-16 07:30

Big institutions are betting on Ethereum, this signal can't be ignored --- ETH average price of $3302, they dare to buy so aggressively at this level, what does it mean --- In 48 hours, over 690 BTC directly swapped for ETH, this is not small-scale, it's alarming --- Do they know something we don't? Or are they just purely bearish on Bitcoin recently --- Another round of institutional rebalancing, every time they do this, the market starts to stir --- A operation worth $65 million, that's ruthless. As a small retail investor, I should just play it safe and buy the dip --- Feels like ETH has a chance this time, otherwise big institutions wouldn't be playing like this --- THORChain is a handy tool, swapping directly on-chain without centralized exchanges --- Another rebalancing signal, this is the routine in the crypto world, every time it stirs up waves --- Having a lot of money means being reckless, directly throwing over $3300 into ETH, should I follow or not

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MemeEchoer

· 01-16 07:27

Interesting, is this a bet that ETH is about to take off? Or do you think BTC has no chance in the short term... This large transaction looks a bit aggressive; with a cost basis of 3302 for ETH, you must be pretty confident. Are institutions seeing through something or just gambling? Looking forward to how this unfolds.

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PretendingToReadDocs

· 01-16 07:23

Big institutions' moves seem to be signaling something. They spent $65 million in two days to buy ETH, this is not a small-scale operation. This level of investment... it really feels like they are confident in ETH's short-term momentum. The THORChain tool is also being used quite skillfully, directly executing cross-chain swaps without hesitation.

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DisillusiionOracle

· 01-16 07:07

Wow, are the big institutions betting on ETH or dumping the market? 686 Bitcoins were sold in just two days, that's a really aggressive move. Buying Ethereum at an average price of 3,300, either they are optimistic about the short term or betting on some black swan event. This move will either become a textbook example of a bottom-fishing or a classic case of catching a high-level bagholder. The key is, how terrifying must the slippage be for a DEX like THORChain to handle such large orders? Are they really sure Ethereum has a future? Or is BTC about to surge?

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