Crypto Whale Converts Over $100M of Bitcoin to Ether Across Recent Accumulation Spree

Large-scale cryptocurrency holders are aggressively rotating capital from Bitcoin into Ether, highlighted by a monitored whale whose cumulative swaps have exceeded $100 million. Over the past 24 hours, the wallet converted 13,036.32 ETH worth approximately $32.59 million, taking total conversions since Oct. 11 past 39,832.76 ETH. The surge follows an earlier transaction where 837.8 BTC was rotated into 27,500 ETH at an average price of $2,534 via Hyperliquid and Arbitrum, while on-chain data also tracked an unidentified whale shifting $89.5 million from Bitcoin to Ethereum over three days.