According to @EmberCN, a long-term holder rotated 14,145 ETH (about $44.30 million) into 492 WBTC at an executed ETH/BTC cross rate of 0.03478 and an average WBTC cost of $90,014. According to @EmberCN, the same wallet had previously withdrawn and accumulated 22,344 ETH (about $65.15 million) from Kraken, Bitfinex, and Poloniex around early 2022. According to @EmberCN, the arithmetic difference between the prior stash and the converted amount is 8,199 ETH, indicating the reported swap covered a portion of holdings. According to @EmberCN, the 0.03478 ETH/BTC execution provides a large-block reference point for traders monitoring ETH/BTC rotation and WBTC flows.