Crypto Whale Closes $21.15 Million Bitcoin Long, Adds $13.06 Million in Ether

A crypto whale closed a long position in 250 Bitcoin (BTC) worth $21.15 million and added $13.06 million in Ether on Oct. 22, increasing exposure as ETH/BTC fell for the month.

The Bitcoin long was closed at an average price of $84,599.81, booking about $568,000 in realized profit. The trader added 5,219.54 Ether to an existing long at an average price of $2,502.17.

The Ether long grew from 10,000 ETH to about 15,200 ETH, an increase of about 52.2%. The position was valued at about $37.075 million, with an average entry price of $2,601.72 and an unrealized loss of about $2.522 million.

The Bitcoin profit was realized when the trade closed, while the Ether loss remained unrealized as the position was still open.

The spot ETH/BTC rate stood near 0.02946, down about 8.28% since Oct. 1 and 0.64% since Oct. 15. A recent rebound from lower levels had not established a sustained strengthening trend.