Whale Makes Another ETH/BTC Trade, Betting on Rate Drop, Profits 6,389 ETH

The ETH/BTC exchange rate has strengthened over the past month, rebounding from a low of 0.0252 to the current 0.0285. A whale who has already profited 6,389 ETH ($11.34M) this year through two ETH/BTC trades has initiated a third trade today: selling 4,695 ETH to buy 133.8 BTC at a rate of 0.0285. They are betting that the ETH/BTC rate will continue to drop, meaning ETH will either rise slower or fall more than BTC. Their previous two trades this year were quite precise—selling ETH at high rates and buying back after a sharp drop. These two trades resulted in a net gain of 6,389 ETH ($11.34M). In early January, they sold 22,345 ETH for 774 BTC and bought back 24,564 ETH at the end of January, gaining 2,219 ETH. In mid-April, they sold 24,564 ETH for 784.7 BTC and bought back 28,734 ETH in early June, gaining 4,170 ETH. Today, after the rate rebound, they sold ETH again to buy BTC. Address: https://(arkm.com)/explorer/address/0x4553e30亿c6327006A63C5aA4cdAC887f66b6A433E OKX