A certain whale has liquidated a $21.15 million BTC long position, using the funds to shift to ETH.

BlockBeats news, October 22, according to TradingBeats monitoring, a whale starting with 0x469e completed a large-scale position adjustment this morning: cleared 250 BTC long positions, actually selling about $21.15 million; simultaneously increased long positions by 5,219.54 ETH, with a total transaction value of about $13.06 million.

The average closing price for BTC was about $84,599.81, realizing a profit of about $568,000; the average price for adding ETH positions was about $2,502.17.

Its ETH long position increased from 10,000 to about 15,200, an increase of about 52.2%. The current position value is about $37.075 million, with an average price of $2,601.72, still at a floating loss of about $2.522 million.

It is reported that ETH has not yet outperformed BTC, with the spot ETH/BTC exchange rate currently at about 0.02946, down about 8.28% cumulatively since the beginning of this month, and also down about 0.64% from October 15 to now; although there has been a recent low-level recovery, a sustained strengthening trend has not yet formed.