PANews reported on November 21 that according to on-chain analyst Ember’s monitoring, as Bitcoin prices hit new highs, the ETH/BTC exchange rate continued to fall, and some Ethereum whales chose to exchange ETH for BTC. In the past few days, two more ETH whales completed large-scale position swaps:

The address 0xd1e…d0e exchanged 7,346 ETH for 248.6 WBTC in the past three days, with a total value of approximately US$22.82 million and a transaction price of US$91,776 per BTC.

The address 0x3ec…19f exchanged 5,980 ETH for 102.1 tBTC and 93 cbBTC 8 hours ago, with a total value of approximately US$18.31 million and a transaction price of US$93,851 per BTC.