Whale with ETH Top-Caller Provenance Makes $85M BTC Bet on Thorchain

A significant cryptocurrency whale has made a major move in the market, buying $85.42 million worth of Bitcoin (BTC) using Thorchain's decentralized swap layer.

This particular whale gained attention last year for accurately predicting the top price of Ether (ETH), and now it seems to be putting its conviction into action with this substantial BTC purchase.

The whale, which had been inactive for eight months after selling 50,600 ETH in late 2025 at an average price of $2,921, has started buying again using stablecoins. Over the course of four days, it converted $85.42 million worth of USDC into 1,075.6 BTC at an average cost of $79,412 per coin.

The whale's current position puts it roughly $2.19 million underwater, given the current market price of Bitcoin is around $77,200. However, this does not necessarily indicate a lack of conviction on the part of the whale, as it still has $74.32 million in stablecoins available for further purchases.