BlockBeats News, August 27th, according to TradingBeats (formerly Hyperinsight) monitoring, the whale with the address 0x0911 that initiated the "Buy ETH, Sell BTC" combo position two days ago is still continuing to accumulate. The notional value of the two legs has increased from the initial $20 million to about $29.38 million, a gain of approximately 46.9%.

As of the time of writing, the address holds 5943.61 ETH long positions, valued at approximately $14.819 million, with an average entry price of $2486.64, showing an unrealized gain of about $39,000; at the same time, short 184.95 BTC, valued at around $14.558 million, with an average entry price of $79,804, showing an unrealized gain of about $201,000. The scale of both sides is still roughly equal, with a total unrealized gain of about $241,000.

At the time of entry on August 25th, BTC had outperformed ETH by about 2.2 percentage points in the past 24 hours, with the two TWAP actual transaction averages corresponding to BTC/ETH at about 32.20. The current BTC/ETH ratio has dropped to around 31.57, a decrease of about 2% from that time.

Currently, the ETH long positions and BTC short positions are both showing unrealized gains; if BTC/ETH continues to decline, the combo will continue to benefit, but if it rises back towards around 32.20, the current unrealized gains will face retracement, without considering transaction fees and funding rates.