A whale focused on ETH/BTC ratio trading swapped 13,708 ETH for 393.4 BTC about 30 minutes before the report, executing the trade at an exchange rate of 0.02855 and shorting the ETH/BTC ratio.
According to Odaily, on-chain analyst Yu Jin said the ETH/BTC exchange rate recently rebounded from 0.02524 to 0.02855.
Yu Jin described the trader as coin-margined, meaning that if the exchange rate declines, the trader could swap back into more ETH. Over the past six months, the whale has increased holdings by 6,475 ETH through multiple ratio trades.
Whale Swaps 13,708 ETH for 393.4 BTC, Shorts ETH/BTC at 0.02855
2026-07-13 01:04:03
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