UBTC-to-Ether Whale Swaps Bitcoin for 3,038.73 Ether in One Hour

A trader described as the UBTC-to-Ether whale exchanged Bitcoin (BTC) for 3,038.73 Ether (ETH) during the hour before 10:12 a.m. ET (14:12 UTC) Wednesday, taking the trader’s cumulative ETH acquisitions since Oct. 11 above 46,100. The one-hour conversion was valued at $7.5 million and moved through three addresses. Across the broader sequence, the trader swapped for more than $115 million in ETH at an average price of $2,513.11 per ETH. The one-hour and cumulative figures describe different spans: 3,038.73 ETH covers the hour before the update, while the 46,100-plus ETH total counts activity since Oct. 11.