according to on-chain analyst Yu Jin's monitoring, a certain whale/institution continues to execute BTC to ETH portfolio rebalancing operations. Today, this address exchanged 340 BTC for 9,784 ETH through THORChain cross-chain, valued at approximately 30.42 million USD.
In the 19 days since November 25, this whale/institution has cumulatively cross-chain exchanged 1,972 BTC for 58,148 ETH, with a total value of about 176 million USD, and the average cost price of the exchanged ETH is 3,028 USD.