ETH/BTC exchange rate rises for five consecutive days, currently at 0.037
According to Jinse Finance, on-chain analyst Ai Yi (@ai_9684xtpa) has observed that the ETH/BTC exchange rate has risen for five consecutive days, currently standing at 0.037. The last time it reached this level was during the rally in January of this year. Notably, last year a trader suffered a loss of $22.45 million by going long on the ETH/BTC exchange rate. This trader continued to go long from 0.055 all the way down to 0.03596 before giving up, persisting for a year. The current rate has now returned to the level at which the trader exited their position.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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