TechFlow News, July 13, according to monitoring by on-chain analyst Yu Jin (@EmberCN), the ETH/BTC exchange rate recently rebounded from 0.02524 to 0.02855. A whale specializing in ETH/BTC exchange rate trading swapped 13,708 ETH (approximately $25 million) for 393.4 BTC today, shorting the exchange rate at 0.02855, waiting for the rate to drop before swapping back for more ETH to achieve coin-denominated appreciation. Over the past six months, this address has accumulated an additional 6,475 ETH (approximately $11.78 million) through multiple exchange rate trades.
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