A whale shorted ETH/BTC exchange rate by $25 million, adding 6,475 ETH over the past six months

OdailyOdaily News According to on-chain analyst Yujin, the ETH/BTC exchange rate has recently rebounded from 0.02524 to 0.02855. A whale specializing in ETH/BTC exchange rate trading just 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-based trader; if the rate declines, they can exchange for more ETH. Over the past six months, through multiple exchange rate trades, this coin-based position has increased by 6,475 ETH, worth $11.78 million.