A whale/institution has cumulatively sold 837.8 BTC and bought 27,500 ETH

Odaily reports: According to on-chain analyst Yu Jin's monitoring, a whale/institution has cumulatively sold 837.8 BTC and bought 27,500 ETH, with a total purchase amount of $69.68 million and an average price of $2,534. The entire process is as follows: BTC that was withdrawn from HTX about a year and a half ago was transferred to Hyperliquid, sold and converted into USDC, then the USDC was transferred back to Arbitrum and bridged to Ethereum, and finally ETH was purchased on the Ethereum chain.