๐ ๐ Master Move: Whale Swaps 13,708 ETH for BTC and Opens a Short on the ETH/BTC Ratio ๐ ๐
An expert whale in ETH/BTC ratio trading has just executed a massive move by exchanging 13,708 ETH for 393.4 BTC at a rate of 0.02855, while simultaneously opening a short position ๐๐จ.
๐ Strategy details:
๐ฏ Catching the bounce: According to on-chain analyst Yu Jin, the trader waited for the pair to rebound from 0.02524 to 0.02855 before executing the trade ๐.
๐ฐ Margin in coins: The strategy aims to accumulate more Ethereum. If the exchange rate drops as projected, the whale will buy back a much larger amount of ETH ๐ก๏ธ.
๐ Perfect track record: Through this ratio arbitrage, the trader has already increased their holdings by 6,475 ETH over the past six months ๐๐.
๐ฌ Do you think the ETH/BTC ratio will keep falling, or will this whale get trapped in a bounce? Share your thoughts below! ๐๐ฅ
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