Crypto whale swaps 200.71 BTC for 6,247 ETH as Ethereum outlook strengthens

  • An anonymous whale swapped 200.71 BTC worth about $17.2 million for 6,247 ETH, part of a six-day 1,308-BTC rotation.
  • The wallet exchanged 1,308 BTC valued at about $104 million for 40,670 ETH and staked all of the acquired ETH.
  • Ethereum traded at $2,731 after rising 6% in 24 hours, while Peter Brandt forecast $8,674 after a breakout above $5,000.

An anonymous crypto whale swapped 200.71 BTC, worth about $17.2 million, for 6,247 ETH, Lookonchain said, extending a six-day rotation in which the wallet exchanged 1,308 BTC valued at about $104 million for 40,670 ETH and staked the entire position. The activity came as veteran trader Peter Brandt projected Ethereum could reach $8,674 after a successful breakout above $5,000, while cautioning that a chart or market call is "NOT a trade." Ethereum was trading at $2,731 after rising 6% in 24 hours, with monthly gains approaching 50% amid renewed spot Ethereum ETF inflows. Ethereum's roadmap also includes the planned Glamsterdam and Hegota upgrades, with a target of quantum-resistant Layer-1 infrastructure by 2029.

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