Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BTC 
ETH ETH/BTC whale opens a US$25 million short position after Ethereum rebound
A well-known whale address that focuses on ETH/BTC trading opened a large short position on Ethereum after the recent price rebound, betting that the asset will fall. The anonymous wallet address started with 0x4555 and shorted 13,708 ETH pieces-worth approximately US$25 million at current prices-with an average entry price of 0.02855 BTC per ETH.
Whales 'trading history and profitability
The same address has previously had a profitable record in ETH/BTC transactions. According to data shared by online analytics platform EmberCN, the whale had previously made a cumulative profit of 6,475 ETH from multiple positions, worth approximately US$11.78 million. This historical record adds weight to the latest operation as the trader demonstrated the ability to effectively seize market timing.
Understanding the ETH/BTC ratio
The ETH/BTC ratio is a key indicator used by traders to measure the strength of Ethereum relative to Bitcoin. It represents the price of an ETH denominated in BTC. An increase in the ratio means that Ethereum performs better than Bitcoin, and a decline means the opposite. The ratio currently trades at 0.028519 BTC, slightly below the whale's entry price of 0.02855 BTC.
Why this deal deserves attention
Large positions in well-known whales often signal directional bias that may affect market sentiment. Opening a US$25 million short position indicates that the trader expects Ethereum to underperform Bitcoin in the short term. Previously, ETH experienced a relatively strong rebound against BTC. The operation may also reflect broader market expectations about upcoming macroeconomic events or changes in capital flows between the two major cryptocurrencies.
Conclusion
The whale's latest short position adds a significant bearish signal to the ETH/BTC trading pair, although the trader's past profitability does not guarantee future results. Market participants will watch the ratio closely to see if it falls below whale entry levels, which could trigger further selling pressure. As always, large positions in anonymous wallets should be interpreted with caution because they represent only one participant's perspective in highly complex markets.
FAQs
What is an ETH/BTC whale?
ETH/BTC whale refers to a trader or entity that holds and trades large amounts of Ethereum and Bitcoin, whose orders often affect the market. The word "whale" refers to the huge influence these participants have on price movements.
What does the ETH/BTC ratio tell traders?
The ETH/BTC ratio shows how many bitcoins a single Ethereum can buy. An increase in the ratio means that Ethereum has increased in value relative to Bitcoin, while a decrease means that Bitcoin has performed better than Ethereum.
Why do whales short Ethereum?
Whales may short Ethereum when they think the price of Ethereum will fall relative to Bitcoin. Reasons include technical analysis, market sentiment, or expectations of network upgrades, regulatory changes, and macroeconomic factors.
