A giant whale opened the third ETH/BTC exchange rate transaction in the year, selling 4695 ETH for 133.8 BTC

Comparative news, according to EmberCN monitoring, the ETH/BTC exchange rate has rebounded from a low of 0.0252 to 0.0285 in the past month. This year, the giant whale has accumulated 6389 ETH (approximately US$11.34 million) in coin-based profits through two ETH/BTC exchange rate transactions. Today, it began its third ETH/BTC exchange rate transaction in the year, selling 4,695 ETH at an exchange rate of 0.0285 in exchange for 133.8 BTC.

The giant whale is betting that the ETH/BTC exchange rate will weaken later, that is, ETH will increase less or fall more than BTC. On-chain data shows that in the first two ETH/BTC band transactions this year, the giant whale sold ETH at a high exchange rate and bought back ETH at a low level, adding a total of 6,389 ETH.

Among them, 22,345 ETH were sold in early January for 774 BTC, and 24,564 ETH were exchanged at the end of January, making a profit of 2219 ETH; in mid-April, 24,564 ETH were sold for 784.7 BTC; in early June, 28,734 ETH was exchanged for another 4170 ETH.