A major market participant has completed a significant portfolio rotation, selling 1,601.1 BTC for $132 million USDC and purchasing 53,095 ETH over a five-day period. The accumulated Ethereum position was acquired at an average price of $2,497 per token. The most recent activity in this series involved the sale of 288.9 BTC for $23.48 million USDC, which was immediately deployed to acquire 9,820 ETH. This transaction marks the continuation of a systematic shift from Bitcoin to Ethereum by the same entity.