A crypto trader increased a long Ether (ETH) position by about 52% on Oct. 22 after closing a 250 Bitcoin (BTC) long, as ETH/BTC remained below its Oct. 1 level.
The trader added 5,219.54 ETH at an average price of $2,502.17 each, or about $13.06 million. Before the trade, the long held 10,000 ETH; afterward it held roughly 15,200 ETH, a gain of about 52%.
The Bitcoin position was valued at about $21.15 million when it was closed. An average exit price of $84,599.81 left the trader with about $568,000 in realized profit.
With an average entry price of $2,601.72 per ETH, the still-open Ether long had a reported value of $37.075 million and an unrealized loss of about $2.522 million.
On Oct. 22, the ETH/BTC rate hovered around 0.02946. The pair was 8.28% under its Oct. 1 mark and 0.64% below its Oct. 15 reading.
