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

Odaily News: According to on-chain analyst Ember, a certain 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 The entire process is as follows: transferring the BTC withdrawn from HTX about a year and a half ago to Hyperliquid, selling it for USDC, then transferring the USDC back to Arbitrum and bridging it to Ethereum, and finally buying ETH on the Ethereum chain.