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Major Whale Swaps 55 BTC for 2,293.8 ETH in $5.96 Million Trade

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.

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