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Bitcoin whale swaps $34M BTC for $36M Ethereum amid ETH's rising market activity

Market News
12 Oct 2026
UToday
View Source
Bullish
Bitcoin whale swaps $34M BTC for $36M Ethereum amid ETH's rising market activity

A mysterious Bitcoin whale sold 410.14 BTC worth about $34.16 million to buy 14,341 ETH valued at around $36.14 million, signaling a strong bet on Ethereum. This move coincides with Ethereum's recent price outperformance against Bitcoin and increased activity in Ethereum derivatives markets, where futures volume and open interest are notably high. The whale's identity and motives remain unknown, but the transaction highlights growing investor interest in Ethereum amid volatile crypto markets. Ethereum's price is currently near $2,553, up 1.85% in 24 hours, while Bitcoin rose 0.93%.

As of Oct 12, 2026 14:42 WIB, Ethereum trades at Rp45.812.807 on Pluang, showing a 2.67% gain in the past 24 hours, while Bitcoin is priced at Rp1.500.503.494 with a 1.31% increase. Ethereum's market cap stands at Rp5.608,21 trillion, significantly smaller than Bitcoin's Rp30.205,52 trillion. The strong buying interest in Ethereum on Pluang, with 66% of orders being buys, aligns with the whale's large Ethereum purchase noted in the news.

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