A whale trading the ETH/BTC pair is still positioned for further weakness in the ratio, according to monitoring by Ember. The latest update said the trader has used 17,385 ETH to buy 496.3 BTC. Based on the figures cited in the post, that ETH amount was valued at about $30.95 million. The update did not disclose the wallet address or provide more execution details, but it described the position as an ongoing short on the ETH/BTC exchange rate. The move points to a continued preference for BTC over ETH within this specific cross-pair trade.
A whale trading the ETH/BTC pair is continuing to short the exchange rate, according to monitoring by Ember.
The latest update said the trader has used 17,385 ETH to buy 496.3 BTC. Based on the cited figures, that amounts to about $30.95 million in ETH.
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