ChainCatcher message, on-chain analyst Yu Jin has detected a noteworthy transaction dynamic: a whale sold 220.1 cbBTC in just two hours, valued at approximately 20.33 million USD, converting it into 6202.4 ETH at an exchange rate of 0.0354. The starting point of this transaction was cbBTC withdrawn from Coinbase 3 hours ago, which was then converted to ETH and dispersed across two different addresses. This action has attracted market attention as it may impact the liquidity and price of ETH. On-chain data analysis indicates that the whale's operational strategy may be related to changes in market expectations, which is worth continued observation.