The giant whale bets on a further downward move in the exchange rate for the third time—this ETH/BTC “meal” really is delicious.

ETH0.21%
BTC-0.23%
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CoinNetwork
CoinWorld news, on-chain analyst Yujin reported that the ETH/BTC exchange rate has strengthened in the past month, rebounding from a low of 0.0252 to the current 0.0285. A whale who made 6,389 ETH (approximately $11.34 million) in coin-based profits through two ETH/BTC exchange rate trades this year has started a third ETH/BTC exchange rate trade today: selling 4,695 ETH to buy 133.8 BTC, with a selling rate of 0.0285. He is betting that the ETH/BTC exchange rate will continue to decline, meaning ETH will rise slower or fall more than BTC.
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