Woofun AI data shows that a major market participant recently executed a $25 million short position on the ETH/BTC exchange rate. The trader swapped 13,708 ETH for 393.4 BTC at a rate of 0.02855, betting against the pair's recent rise from 0.02524. Over the preceding six months, this entity utilized multiple exchange rate transactions to accumulate a net total of 6,475 ETH, valued at $11.78 million.