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