ETH Hits 10-Month Low vs BTC as Whale Opens $50M ShortETH/BTC Weakness

ETH/BTC slipped to a 10-month low below 0.028 as 500K ETH flooded exchanges, with momentum indicators showing continued weakness below key moving averages.

Whale Conviction Split

A mysterious whale opened a 25x leveraged $50M ETH short paired with a $25M BTC long, reflecting diverging conviction between the two assets.

Analyst Outlook

Despite near-term weakness, the Rainbow Chart places ETH in the "Cheap" zone with analysts targeting $5K–$15K in the next cycle.

#CanaryCapitalFilesStakedTRXETF MubadalaBoostsBitcoinETFTo$660M#JapaneseSecuritiesFirmsCryptoInvestmentTrusts #BerkshireHeavilyIncreasesAlphabetStake THORChainHackCauses$10.7MLossTHORChainHackCauses$10.7MLossBitcoinETFsSee$131MNetInflows#SpaceXEyesJune12NasdaqListing #DuneCuts25%AmidAIEfficiencyPush $BTC $ETH $BNB