ETH/BTC Exchange Rate Reaches Two-Month High

The ETH/BTC exchange rate has recently surged, reaching a near 70-day high by surpassing 0.032 USD. According to BlockBeats, this marks the highest point in over two months. As a result, a hedge trader known as BobbyBigSize on Hyperliquid has seen significant impacts on their positions. The trader's main positions, consisting of an ETH short and a BTC long, have a combined value of $34.6 million, with unrealized losses now totaling approximately $1.78 million. Additionally, the trader holds a $12.45 million short position in HYPE, with an unrealized loss of $1.4 million, along with a $3.8 million long position in SOL and other hedge positions. Address: 0x7fdafde5cfb5465924316eced2d3715494c517d1