Data: A certain whale initiated the third ETH/BTC exchange rate transaction of the year, selling 4,695 ETH for 133.8 BTC

According to on-chain analyst Yu Jin's monitoring, the ETH/BTC exchange rate has rebounded from a low of 0.0252 to 0.0285 over the past month. This year, a giant whale has achieved a cumulative profit of 6,389 ETH (approximately 11.34 million USD) through two ETH/BTC exchange rate trades, and today it initiated the third ETH/BTC exchange rate trade of the year, selling 4,695 ETH at an exchange rate of 0.0285, exchanging for 133.8 BTC.

This giant whale bets that the ETH/BTC exchange rate will weaken subsequently, meaning that ETH will rise less compared to BTC or fall more. On-chain data shows that this giant whale sold ETH at high exchange rates and bought back ETH at low exchange rates in both of its previous ETH/BTC swing trades this year, cumulatively increasing its holdings by 6,389 ETH.

Among them, at the beginning of January, it sold 22,345 ETH for 774 BTC and bought back 24,564 ETH at the end of January, making a profit of 2,219 ETH; in mid-April, it sold 24,564 ETH for 784.7 BTC, and at the beginning of June, it bought back 28,734 ETH, making another profit of 4,170 ETH.