A crypto whale is longing Ethereum (ETH), which continues to lose value against Bitcoin (BTC).
According to a post by blockchain analysis platform Lookonchain, a whale came from crypto lending platform Aave. 241 Wrapped Bitcoin (WBTC) worth $11 million borrowed.
Wrapped Bitcoin, which entered the market in 2019, is a version of Bitcoin developed for use in the Ethereum ecosystem. One Wrapped Bitcoin corresponds to one Bitcoin.
Whale borrowed the WBTCs in the morning today, again for 11 million dollars. 4,677 Ethereum He traded it with.
Ethereum continues to lose value against Bitcoin, which has increased its market dominance over the past year. Leading altcoin, released at midnight with fake ETF news together against BTC lowest level in the last 32 months decreased by .