ETH/BTC Exchange Rate Rebounds to 0.02855, Whale Sells $25 Million Worth of ETH to Short

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BlockBeats News, July 13th, according to EmberCN 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 (approximately $25 million) for 393.4 BTC half an hour ago, shorting ETH/BTC at a rate of 0.02855.

The whale is using a coin-based trading strategy to exchange back more ETH after the ETH/BTC rate drops. Over the past six months, the whale has accumulated an additional 6,475 ETH through multiple rate trades, totaling approximately $11.78 million at the current price.

Source: BlockBeats

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