Whale Trader Swaps 13,708 ETH for 393.4 BTC on July 13, Up $1.178M in Six Months

ETH-1.85%
BTC-2.24%
According to BlockBeats citing whale monitoring platform余烬, a whale trader swapped 13,708 ETH (roughly $25 million) for 393.4 BTC at a rate of 0.02855 on July 13. The trader, operating as a basis trader, intends to profit from fluctuations by selling back into ETH at more favorable rates. Over the past six months, the trader has generated 6,475 ETH (approximately $11.78 million) in cumulative gains through multiple such basis trades.
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