BTC Whale Cross-Chains 317 BTC into 9,105 ETH via THORChain, Following 2,289 BTC Swapped for 67,253 ETH Since Nov 25

COINOTAG News, citing on-chain data analyst Yu Jin, notes a notable whale/institutional move today: a cross-chain swap of 317 BTC for 9,105 ETH via THORChain, valued at approximately $28.15 million. The action highlights the ongoing fragmentation of liquidity across chains and the pivotal role of decentralized bridges in capital deployment and risk management.

Since November 25, the same entity has completed a cumulative cross-chain exchange of 2,289 BTC for 67,253 ETH, roughly $204 million, with an average entry cost near $3,036 per ETH. The pattern signals strategic accumulation across digital assets rather than ephemeral trades, suggesting a calculated stance on the ETH-BTC corridor and gateway liquidity via THORChain.