The ETH/BTC exchange ratio has rebounded over the past month from a low of 0.0252 to 0.0285. According to BlockBeats On-chain Detection, a whale that has realized cumulative gains of 6,389 ETH from two ETH/BTC ratio trades this year initiated a third trade by selling 4,695 ETH for 133.8 BTC at a ratio of 0.0285.
The whale is positioning for a potential weakening in the ETH/BTC ratio, implying ETH may rise less than BTC or fall more than BTC. On-chain data indicates the whale’s first two swing trades this year involved selling ETH at higher ratio levels and buying back at lower levels, resulting in a net increase of 6,389 ETH.
In early January, the whale sold 22,345 ETH for 774 BTC and later swapped back into 24,564 ETH in late January, generating a profit of 2,219 ETH. In mid April, the whale sold 24,564 ETH for 784.7 BTC and bought back 28,734 ETH in early June, adding another 4,170 ETH in profit.
Whale Starts Third ETH/BTC Trade of the Year After Ratio Rebounds to 0.0285
2026-07-05 06:33:41
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