Today, after ETH outperformed BTC (BTC +5%, ETH +9%) and the ETH/BTC ratio rebounded, a whale chose to switch his ETH to BTC:
Two hours ago, he exchanged 24,564 ETH for 784.7 BTC ($58.38 million), with an ETH/BTC ratio of 0.0319.
He is likely betting that the ETH/BTC ratio will fall back, so that when he exchanges his BTC back to ETH, he will have more ETH in return.
Address: debank.com/profile/0x4553e3bc6...…
#OKX
