A certain whale shorted $25 million on the ETH/BTC exchange rate and accumulated 6,475 ETH in the past six months.

According to Odaily, on-chain analyst Ember monitoring shows that the recent ETH/BTC exchange rate has rebounded from 0.02524 to 0.02855. A whale specializing in ETH/BTC exchange rate trading exchanged 13,708 ETH for 393.4 BTC about half an hour ago, worth $25 million, shorting the ETH/BTC rate at a transaction rate of 0.02855. This whale is a coin-margined trader; if the exchange rate drops, they can exchange back for more ETH. Over the past six months, they have increased their holdings by 6,475 ETH, worth $11.78 million, through multiple rate trades.