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ETH/BTC exchange rate rebounds to 0.02855, a whale offloaded $25 million worth of ETH to short.

1 hours ago

According to EmberCN’s monitoring, the ETH/BTC exchange rate has recently rebounded from 0.02524 to 0.02855. A crypto whale specializing in ETH/BTC pair trading converted 13,708 ETH (worth roughly $25 million) into 393.4 BTC half an hour ago to go short on ETH/BTC at the 0.02855 rate. The whale adopts a coin-margined trading strategy, planning to convert back to more ETH after the ETH/BTC rate falls. Over the past six months, it has accumulated a total of 6,475 ETH via multiple exchange rate trades, valued at approximately $11.78 million at current prices.

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