News, August 31st, according to @mlmabc monitoring, a high-profile Bitcoin whale who has been rebalancing into ETH has sold 7,000 BTC (about $7.59 billion) in the past 46 hours and purchased 171,791.84 ETH (about $7.73 billion). The whale still holds 3,000 BTC (about $3.25 billion) in the address starting with 169qY, which is likely to be rebalanced into ETH.

Furthermore, the whale's wallet also holds 46,816 BTC (about $50.7 billion), of which, based on previous activity, another 14,495 BTC (about $15.7 billion) may be rebalanced into ETH, but the remaining 32,321 BTC (about $35 billion) is currently of unknown movement. Overall, it appears that the whale intends to rebalance their entire holdings. This is speculation and not investment advice, and the true intentions of the whale are unclear.

As of now, in the past 11 days, the whale has sold 34,110 BTC (about $37 billion) and purchased 813,298.84 ETH (about $36.6 billion).