A cryptocurrency whale has executed a significant asset reallocation, exchanging 55 Bitcoin worth approximately $5.96 million for 2,293.8 Ethereum.
The transaction presented a strategic shift from Bitcoin-based exposure acquired weeks prior.
The whale had originally accumulated 67.98 Wrapped Bitcoin (WBTC) at an average entry price of $102,274 on June 24.
Market observers noted the speed of the reallocation, with the entire BTC-for-ETH swap completed within a tight 30-minute timeframe.