Data: A certain ETH/BTC trading whale sold 30,139 ETH for 859 BTC, approximately equivalent to 54.09 million USD

According to on-chain analyst Yu Jin's monitoring, a trading whale just converted all the remaining ETH into BTC at the ETH/BTC exchange rate. He has now fully shorted the exchange rate: a total of 30,139 ETH was sold for 859 BTC (approximately 54.09 million USD), with a shorting rate of 0.0285.

He is betting that ETH will drop more than BTC or rise less than BTC, and plans to buy back more ETH after the exchange rate falls.