ETH/BTC Long Position #1 Whale Sells2000 ETH, Ethereum Foundation Sells 100 ETH
On-chain analyst AmberCN reports via X that “The ETH/BTC ratio, which measures the price of ETH against BTC, is at 0.0377, the lowest since April 2021. The number one long ETH/BTC whale, Amaranth Foundation founder James Fickel, estimated address, sold 2000 ETH (approximately $5.06 million) seven hours ago, converting it to 76 WBTC, reducing his position. He started reducing his position in August. In the last two months, he sold 43,600 ETH and converted it into 1766 WBTC,” said the report. Meanwhile, the Ethereum Foundation sold another 100 ETH. The foundation has sold a total of 4066 ETH this year at an average price of $2760. It has been selling small amounts almost every week for the past two months.
