Whale or Institution Sells 1,847.3 Bitcoin to Buy 63,731 Ether

An unidentified whale or institution sold Bitcoin (BTC) to buy Ether (ETH), with 11-day totals reaching 1,847.3 BTC sold and 63,731 ETH acquired. The entity sold 246.2 BTC, valued at $20.36 million, during the latest 24-hour period and purchased 10,636 ETH. Across the 11 days, it converted the BTC sales into 153 million USD Coin (USDC) and used the stablecoin to buy Ether. The purchases averaged about $2,400 per ETH. USDC is a dollar-pegged stablecoin designed to track the U.S. dollar. The current figures extend an earlier five-day tally of 1,601.1 BTC sold and 53,095 ETH bought.