A large investor or institution moved 837.8 Bitcoin into 27,500 Ether, totaling about $69.68 million. The transaction involved converting Bitcoin to USDC, then bridging to Ethereum to buy Ether at an average price of $2,534. This shift shows a strategic repositioning from Bitcoin to Ether, reflecting changing exposure between the two largest cryptocurrencies. The initial Bitcoin was withdrawn from HTX about 1.5 years ago and went through several steps before the final Ether purchase on-chain.
The on-chain shift of 837.8 BTC into 27,500 ETH totals about $69.68 million, providing context for cryptocurrency market activity. For readers following crypto markets, here is Pluang's snapshot as of Oct 13, 2026 08:41 WIB: out of 50 major cryptocurrencies priced on Pluang, only 4 rose while 45 fell. Notable movers include AXS down 10.41% with a typical hold time of 62 days and a 98% buy order activity, COTI down 9.37% with 78% sell orders, and AAVE down 8.90% with 95% sell orders and a typical hold time of 106 days.
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