TechFlow news, July 5, according to monitoring by on-chain analyst Yu Jin (@EmberCN), a certain whale once again initiated ETH/BTC exchange rate trading today, selling 4,695 ETH at an exchange rate of 0.0285 and buying 133.8 BTC, betting that the ETH/BTC exchange rate will continue to decline. The whale has completed two similar trades this year: selling 22,345 ETH for BTC at the exchange rate high in early January, gaining an additional 2,219 ETH in coin-denominated terms after swapping back at the end of the month; selling 24,564 ETH again in mid-April, gaining an additional 4,170 ETH when swapping back in early June. The combined coin-denominated profit from the two trades is 6,389 ETH (approximately $11.34 million).
Add to Favorites
Share to Social Media
