WHALE SELLS 4,695 ETH FOR BTC — BET ON ETH/BTC DECLINE
A whale sold 4,695 ETH for 133.8 BTC at a rate of 0.0285, signaling a bet on ETH underperforming BTC!
This whale previously profited 6,389 ETH ($11.34M) through two prior ETH/BTC exchange trades — selling ETH at peaks and repurchasing after sharp declines . Now they're betting the ETH/BTC rate will continue to drop.
Asset Level Price Action
ETH/BTC Entry Short the ratio at current levels
ETH/BTC TP1 0.0275
ETH/BTC TP2 0.0265
ETH/BTC SL 0.0295
⚠️ Risk Note: The whale has a successful track record with this strategy — two prior trades netted $11.34M. However, ETH funding rates have slightly improved, showing some bullish recovery .
