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CryptoQuant: Since the Ethereum merger in September 2022, the ETH/BTC exchange rate has dropped by 44%

CryptoQuant: Since the Ethereum merger in September 2022, the ETH/BTC exchange rate has dropped by 44%

Bitget2024/09/06 14:22

CryptoQuant posted on social media that since the merger of Ethereum in September 2022, the ETH/BTC exchange rate has fallen by 44%. The current ETH/BTC exchange rate is 0.0425, reaching its lowest point since April 2021.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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A new address went long on $41 million ENA, while simultaneously shorting $42 million worth of ETH and BTC for hedging.

Andrew Kang increased his short positions to $77.97 million, with unrealized losses of approximately $1 million.

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