BTC Whale Swap Fuels Week-Long Shift into Ethereum

A major BTC to ETH whale swap worth $17.2 million has sparked attention in the crypto market, adding to a week-long shift into Ethereum.

The trade involved 200.71 BTC exchanged for 6,247 ETH, according to on-chain data from CryptoTwitter commentator @lookonchain.

This is not an isolated event; over the past six days, a total of 1,308 BTC has been exchanged for 40,670 ETH.

BTC-ETH trading dominance has reached 56% on-chain, according to Aerodrome, indicating a significant concentration of activity in this single pair.