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The ETH/BTC exchange rate rebounded to 0.02855, as a whale sold ETH worth $25 million to go short.

2026-07-13 01:27:37

Abstract generation in progress

Golden Finance reported on July 13, according to on-chain analyst Yu Jin monitoring, that the ETH/BTC exchange rate has recently rebounded from 0.02524 to 0.02855. A giant whale specializing in ETH/BTC exchange-rate trading, about half an hour ago, exchanged 13,708 ETH (about $25 million) for 393.4 BTC, shorting ETH/BTC at a rate of 0.02855. The whale uses an ETH-denominated trading strategy, swapping back for more ETH after the ETH/BTC exchange rate falls. Over the past six months, it has accumulated an additional 6,475 ETH through multiple exchange-rate trades, which is worth about $11.78 million at current prices.

ETH-0.63%

BTC-1.63%

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GateUser-1379e90d

· 2h ago

Data analysis: it will be more than 2 months before the bull market.

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