A whale shorted $25 million in ETH/BTC exchange rate, adding 6,475 ETH over the past six months
2026-07-13 01:02
Odaily Planet Daily reported: According to monitoring by on-chain analyst Yu Jin, the ETH/BTC exchange rate has recently rebounded from 0.02524 to 0.02855. A whale specializing in ETH/BTC exchange rate trading converted 13,708 ETH into 393.4 BTC, worth $25 million, half an hour ago, shorting the ETH/BTC exchange rate at a trading rate of 0.02855. This whale is a coin-margined trader; if the rate falls, they can exchange for more ETH. Over the past six months, through multiple exchange rate trades on a coin-margined basis, they have added 6,475 ETH, worth $11.78 million.
