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Bitcoin Whale Still Down on ETH Trade Despite Sell-Off
Pulse of the market
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Last month’s massive whale shift — 35,991 BTC sold for Ether — has yet to pay off.If the whale swapped back today, they’d lose ~460 BTC ($53M) due to ETH’s weak performance relative to BTC.
The ETH/BTC ratio remains at 0.0401, well below its 2017 peak of 0.14.
Despite the whale’s selling, BTC has held steady around $115.5K–$116K.The market is watching closely to see whether the whale doubles down on ETH or begins moving back into Bitcoin.
