ETH/BTC whale opens $25M short position

An anonymous whale address starting with 0x4555 that specializes in ETH/BTC trading has entered a 13,708 ETH ($25 million) short position following a recent rally in Ethereum, EmberCN reported. The position's average entry price is 0.02855 BTC. The same address has previously accumulated profits of 6,475 ETH ($11.78 million) from its ETH/BTC trades. The ETH/BTC ratio, which represents the price of one ETH in BTC and is used to gauge Ethereum's strength relative to Bitcoin, is currently trading at 0.028519 BTC.