According to Chainalysis analyst Yu Jin, BTC prices continue to rise, but the ETH/BTC exchange rate continues to decline. Two whales have chosen to switch their ETH to BTC.
The address 0xd1e...d0e sold 7,346 ETH and exchanged them for 248.6 WBTC (worth $22.82 million) at a price of $91,776 over the past 3 days.
The address 0x3ec...19f sold 5,980 ETH and exchanged them for 102.1 tBTC and 93 cbBTC (worth $18.31 million) at a price of $93,851 8 hours ago.
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