PANews December 13 News, according to chain analysis by on-chain analyst Yu Jin, recent large whales/institutions switching BTC to ETH have continued today by exchanging 163 BTC through THORChain cross-chain swaps for 4,717 ETH (14.68 million USD). Since 11/25, over 18 days, they have cross-chain swapped a total of 1,632 BTC into 48,364 ETH (145 million USD), with an average cost basis of $3,011 USD per ETH.
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PANews December 13 News, according to chain analysis by on-chain analyst Yu Jin, recent large whales/institutions switching BTC to ETH have continued today by exchanging 163 BTC through THORChain cross-chain swaps for 4,717 ETH (14.68 million USD). Since 11/25, over 18 days, they have cross-chain swapped a total of 1,632 BTC into 48,364 ETH (145 million USD), with an average cost basis of $3,011 USD per ETH.