the on-chain detective ZachXBT stated in a post, "There are still too many unknown factors in the high-profile switching of ETH by the BTC whale identity, and I cannot come to a conclusion that I am willing to publish. All the posts that are currently being watched are actually exaggerated versions of immature theories. The known situation is: Garrett Jin / Exe seems to have started cooperating with a Chinese whale, who had tens of millions of funds on the chain that had been dormant until recently."