Whale Exchanges 13,708 ETH for 393.4 BTC to Short ETH/BTC Ratio, Up 6,475 ETH Over 6 Months

ETH-1.85%
BTC-2.24%
According to ChainCatcher and on-chain analyst 余烬, a whale exchanged 13,708 ETH for 393.4 BTC (worth $25 million) minutes ago to short the ETH/BTC ratio at 0.02855. The trader, a BTC-denominated trader, expects the ETH/BTC ratio to decline to recover more ETH on rebound. Over the past six months, the whale accumulated 6,475 ETH (valued at $11.78 million) through multiple ratio trades.
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