Blockchain analyst Ember observed that a user recently executed a conversion worth $14,980,000 USD from Ethereum (ETH) to Bitcoin (BTC). The specific operation involved the sale of 6,356.6 ETH at a price of $58,133 per token, resulting in the acquisition of 257.7 Wrapped Bitcoin (WBTC). This conversion led to an exchange rate of 0.04055 for ETH to BTC. It is noteworthy that there has been an increase in large holders opting to convert their holdings of ETH into the more stable BTC, possibly due to rising demand for stablecoins in the market.