Ember Tracks BTC-to-ETH Rotation With 9,820 ETH Bought in One Day

Ember monitoring cited by BlockBeats said a whale or institution sold 288.9 BTC for 23.48 million USDC and used the proceeds to buy 9,820 ETH over the prior day, according to a report dated Oct. 16, 2026.

Five-day activity

The same monitoring attributed cumulative five-day activity of 1,601.1 BTC sold for 132 million USDC and 53,095 ETH bought at an average price of $2,497.

The report did not identify the wallets or establish whether the trader was an individual whale or an institution. The transaction totals and average price reflect Ember’s monitoring snapshot.

Source: BlockBeats flash.