One Whale Rotates $159 Million From Bitcoin Into Ether

By Isaac • October 23, 2026 7:15 pm •

One large crypto holder has spent nearly two weeks making the same trade over and over: less Bitcoin, more Ether.

The wallet sold a total of 1,917.7 Bitcoin worth about $159 million and bought 64,545 Ether worth roughly $155 million over 11 days. The scale is significant, but one wallet alone cannot prove that a broad market rotation has arrived.

The trade matters because the wallet did not move to cash or stablecoins. It shifted capital directly from the largest cryptocurrency into its closest rival by market value.

Lookonchain reported that the latest leg involved selling 246.25 Bitcoin for about $20.64 million and buying 8,286 Ether for about the same amount. Spreading the swaps across multiple