Whale Swaps 3,000 ETH for Bitcoin via THORChain After Strategic Buyback
A notable market participant, previously associated with Tornado Cash, has converted approximately $7.06 million worth of Ether (ETH) into Bitcoin (BTC) using the THORChain protocol. The entity acquired 3,000.5 ETH on October 23, 2026, after employing a "buy low, sell high" strategy throughout the year.
On-chain analysis indicates the participant sold ETH at peaks of $3,109 in January and $2,679 in September, before repurchasing ETH at $2,353 prior to the swap to BTC. This strategy highlights sophisticated capital management and a preference for decentralized finance (DeFi) tools to mitigate counterparty risk. The move from Ethereum to Bitcoin suggests a potential shift in sentiment between the two largest cryptocurrencies.
https://cryptovka.com/news/whale-swaps-3-000-eth-for-bitcoin-via-thorchain-after-strategic-buyback
cryptovka-news / Cryptovka | News | CryptoMarket & Blockchain
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2026-10-25 14:07:48 UTC
Author Public Key
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wss://relay.damus.ioPublished at
2026-10-25 14:07:48 UTCEvent JSON
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"content": "Whale Swaps 3,000 ETH for Bitcoin via THORChain After Strategic Buyback\n\nA notable market participant, previously associated with Tornado Cash, has converted approximately $7.06 million worth of Ether (ETH) into Bitcoin (BTC) using the THORChain protocol. The entity acquired 3,000.5 ETH on October 23, 2026, after employing a \"buy low, sell high\" strategy throughout the year.\n\nOn-chain analysis indicates the participant sold ETH at peaks of $3,109 in January and $2,679 in September, before repurchasing ETH at $2,353 prior to the swap to BTC. This strategy highlights sophisticated capital management and a preference for decentralized finance (DeFi) tools to mitigate counterparty risk. The move from Ethereum to Bitcoin suggests a potential shift in sentiment between the two largest cryptocurrencies.\n\nhttps://cryptovka.com/news/whale-swaps-3-000-eth-for-bitcoin-via-thorchain-after-strategic-buyback",
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