Lookonchain shows that the crypto whale has undergone significant asset rotation over the past 16 days. The whale exchanged 1,466 BTC, currently worth $132 million, for 43,649 ETH, currently worth $139 million. This transition allowed Whale to earn approximately $7 million in return as ETH appreciated during the swap period. Transaction data was transferred via THORChain with intended timing and constant accumulation. Whale performed this action precisely, ensuring no slippage and maintaining the validity of interchain swaps throughout the trade. This trend presents an outlook of confidence rather than speculation, indicating growing confidence in Ethereum’s performance in the next cycle.
Cross-chain activity with larger positioning signals
The address screenshot includes further routing through Polygon and other networks linked to the address. Whales have provided funding, gotten involved in DeFi pools, and placed resources into potential revenue strategies. These trades reflect systematic changes in the portfolio, as opposed to single trades. This move is consistent with a larger trend. Major companies tend to switch between Bitcoin and Ethereum, hoping for the latter’s performance. The direction of Whale’s strategy is consistent with the current story of increasing the scale of Ethereum’s development and its L2 usage, as well as improving on-chain demand. Each move is a sign that the ETH ecosystem is looking to take advantage of better liquidity and greater profits.
Society interprets it as a good omen for Ethereum
The reaction is emotional. According to traders, this rotation will help ETH rise in the future. They say whales tend to act early, before retail investors notice the movement. Some interpret this as another sign of capital flight from Bitcoin’s dominance to altcoins as the market matures. Lookonchain’s information supports that opinion. The history of trade is something that accumulates and cannot be rushed. The whale period coincides with increased interest in ETH in preparation for a major upgrade and broader DeFi recovery. The community views this move as an indicator and a potential trigger for subsequent market legs.