# 837.8 BTC Rotated Into 27,500 ETH in On-Chain Shift

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/30713
Published: 2026-10-13T01:53:52.000Z
Updated: 2026-10-13T01:53:52.000Z
Section: Investing

> The Ether purchases totaled about $69.68 million at an average price of $2,534. The Bitcoin was converted into USDC before the funds moved across networks.

A whale or institution has rotated 837.8 Bitcoin (BTC) into 27,500 Ether (ETH), shifting exposure between the two largest crypto assets in a transaction valued at about $69.68 million.

The Ether purchases were made at an average price of $2,534. The activity represents a cumulative sale of the Bitcoin position and a corresponding accumulation of ETH.

The transaction route began with Bitcoin withdrawn from HTX about 1 1/2 years ago. The BTC was later sent to Hyperliquid and converted into USDC, a dollar-pegged cryptocurrency. The USDC then moved to Arbitrum before being bridged to Ethereum, where the ETH purchases were completed on-chain.

The transactions reflect a repositioning between Bitcoin and Ether.