2025-12-25 02:18:25

It's been a while since we've seen big moves from whales on the ETH/BTC trading pair.

Today, I just discovered a whale wallet (0x89B…A7358) added 1 million USDC margin to Hyperliquid four hours ago. The current position is: long 218 BTC (approximately $19.17 million) and short 5294.36 ETH (about $15.6 million). This move clearly indicates a bearish outlook on ETH relative to BTC.

Looking at the current data, the ETH/BTC exchange rate has dropped to 0.03358. Compared to the peak of 0.04328 during August's rally, it has retraced over 22%. This whale's timing for positioning is quite good, right in the window of this decline.

ETH-0.01%

BTC0.72%

USDC-0.02%

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GasBankrupter

· 6h ago

This whale is really bold, opening a short position with over 5,000 ETH? --- It's another time-based operation. It seems big players have already been eyeing this position. --- A 22% retracement. Oh no, my ETH bag is suffering again. --- Damn, if the rebound reaches 0.04, what if the shorts get liquidated? --- A margin of one million dollars, just like that. Even us retail investors can only dream of this. --- BTC has been strong and bullying ETH for a long time. This time, the bearish call was really on point. --- The contract whales' sense of smell is incredible. I'm still debating whether to cut losses. --- If this wave of shorts succeeds, we'll have to see what that whale does next. --- A 22% retracement only brings it to 0.03358? Seems like there's still room to go down. --- The key is whether BTC will continue to surge sharply, or else it will be hard to say if ETH rebounds.

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WagmiWarrior