ETH/BTC Since August 19 has fallen below 0.03, an address continued to use UBTC to acquire ETH。
Article
ETH/BTC broke below 0.03, while a certain whale cumulatively rebalanced 27500 units of ETH
PANews October 13 According to a report from Ai Yi (@ai_9684xtpa),ETH/BTC exchange rate has fallen below August 19 for the first time since this market cycle began, but the “0.03-to-UBTC rebalancing ETH whale” continues to add to its position: the address added another position 10 hours ago, and since the previous day has cumulatively rebalanced 837.78 UBTC into 27501 units of ETH, with a total value exceeding 69780000 USD, at an exchange rate of 0.03046. At the current exchange rate, this rebalancing has incurred an unrealized loss of approximately million USD in book value.
PANews reported on October 13 that ETH/BTC has fallen below August 19 for the first time since 0.03。
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Ai Yi disclosed that the relevant address added to its rebalancing position again 10 hours ago.
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Since the previous day, the address has cumulatively converted 837.78 units of UBTC into 27501 units of ETH。
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This batch of ETH has a total value exceeding 69780000 USD, at an exchange rate of 0.03046。
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Based on the current exchange rate stated in the article, this rebalancing has an unrealized book loss of approximately 1000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The article states that ETH relative to BTC the exchange rate fell below 0.03, but an address referred to as a “UBTC rebalancing ETH whale” continued to acquire ETH; based on the current exchange rate, this rebalancing has incurred an unrealized book loss.
Why it matters to readers
The event involves both ETH/BTC exchange-rate changes and a single address’s large-scale ETH rebalancing, but the behavior of a single address does not represent the overall market.
This can be understood as follows: when ETH weakens relative to BTC, a large address is still buying ETH; an unrealized book loss does not equal an actual realized loss.
Risks and unknowns
The relevant address and the on-chain rebalancing details were not independently verified in the provided materials.
The materials do not state the real identity of the address.
The materials do not provide the actual execution average price, complete changes in holdings, or whether the position was closed.
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