A whale rotated 866.1 BTC into 26,924 ETH, with Lookonchain identifying the assets as 512 WBTC worth roughly $38.64 million and 354 cbBTC worth $26.73 million. The ETH purchase was valued at nearly $64.57 million, while on-chain analyst Ember previously put the BTC sale at $65.42 million and the ETH transaction price at $2,430. Abraxas Capital added to the accumulation trend by purchasing 13,700 ETH for $34.24 million, bringing the two reported purchases to nearly $100 million. At the same time, Ethereum inflows to Binance reached about 709,400 ETH, the highest daily level since June, increasing the supply potentially available for trading without proving immediate selling. Ethereum's MVRV Ratio, which had fallen toward 0.70 during the June-July correction, later recovered toward the neutral 1.0 level as ETH reclaimed its realized price near $2,300 and stayed above it for several sessions.