A Bitcoin whale has sold $136 million worth of BTC following a $4 billion BTC-to-ETH swap, affecting market dynamics as Bitcoin nears the $117,000 resistance level. This transaction has increased sell-side liquidity, prompting traders to reassess short-term risks. The whale's actions align with renewed interest in Ethereum and Solana, which are experiencing fresh inflows. Analysts emphasize the significance of the $117,100 resistance and $113,500 support levels for Bitcoin's immediate trajectory. Additionally, dormant wallets from 2012-2013 have become active, suggesting strategic repositioning by long-term holders. The ETH/BTC ratio remains crucial, as a potential return swap into ETH could lead to substantial losses for the whale. Traders are also advised to keep an eye on macroeconomic factors, such as central bank decisions, that could impact the market.