Trader Executes Massive WBTC to ETH Swap Worth $5.33 Million in Latest Arbitrage Move

ETH

ETH/USDT

$2,127.12

+4.51%

$2,127.12

+4.51%

(24s)

24h Volume

$39,049,302,904.94

24h H/L

$2,145.26 / $2,009.54

Change: $135.72 (6.75%)

Long/Short

69.8%

Long: 69.8%Short: 30.2%

Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,121.96

▲ 1.67%

Volume (24h): -

Resistance Levels

Resistance 3$2,577.98

Resistance 2$2,403.28

Resistance 1$2,234.29

Price$2,121.96

Support 1$1,994.75

Support 2$1,826.83

Support 3$1,157.44

Pivot (PP):$2,110.44

Trend:Downtrend

RSI (14):32.9

According to LookIntoChain analytics, a trader recently executed a significant WBTC arbitrage transaction, converting 49.98 WBTC into 2,217.62 ETH. This swap, valued at approximately $5.33 million, highlights active liquidity flows within the decentralized finance ecosystem. Such high-volume arbitrage activities underscore the ongoing efficiency and integration between wrapped Bitcoin and Ethereum markets, reflecting robust cross-chain trading dynamics. Market participants should monitor these movements closely, as they provide insights into price discrepancies and capital allocation strategies in the crypto arbitrage space.

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