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A whale shorted $25.00 million ETH/BTC at a rate, increasing ETH holdings by 6,475 coins over the past six months
According to on-chain analyst Ember, the ETH/BTC exchange rate recently rebounded from 0.02524 to 0.02855. A whale specializing in ETH/BTC exchange rate trading exchanged 13,708 $ETH for 393.4 $BTC half an hour ago, valued at $25 million, shorting the ETH/BTC exchange rate at a transaction rate of 0.02855.
This whale is a coin-standard trader. If the exchange rate falls, they can exchange back for more ETH. Over the past six months, they have increased their coin-standard holdings by 6,475 $ETH, valued at $11.78 million, through multiple exchange rate trades.
Analysis: Robinhood Chain's launch boosts ETH sentiment, with approximately $141.00 million ETH bridged
The launch of Robinhood Chain, a Layer 2 network launched by Robinhood, has boosted market sentiment toward Ethereum. The network uses $ETH as its native $gas token, and approximately $141 million worth of $ETH has already been bridged onto the chain.
Reports indicate that over 500,000 wallet addresses now hold $ETH on the network. In the past 24 hours, the DEX trading volume on Robinhood Chain reached $877.56 million—surpassing both Ethereum L1 and rival Base. As an on-chain extension of the traditional financial trading platform Robinhood, it offers tokenized stock services to customers in 120 countries, further strengthening the EVM-compatible ecosystem.
Tom Lee: Why I'm not panicking about the current price of ETH
On July 13th, in Tokyo, at WebX 2026 hosted by Coinpost, Bitmine Chairman Tom Lee delivered a speech themed "Ethereum: The Antidote to the Valley of the Terrors of Wealth." He stated that in 2026, the most noteworthy aspects on a macro level are: US monetary policy, the Clarity Act, AI FOMO and the capital it siphons, and the particularly sluggish performance of the financial industry across all sectors.
Comparing the trend charts of $ETH and the S&P 500, Ethereum is currently highly consistent with the stock market after 1987, sitting at the bottom and poised for an upward trend.
Tom Lee also reviewed the price elasticity of $ETH in different past phases, believing that many investors are merely fearful of "low prices" while overlooking the true value – Wall Street's preference for Ethereum (institutional adoption).
Recently, another major event in the Ethereum ecosystem has been the launch of Robinhood Chain and the corresponding exaggerated $ETH $gas consumption.
Bitcoin & Ethereum Spot ETF Flow
Eight-week streak of net outflows ends; Bitcoin spot ETFs saw $197 million in net inflows last week
According to SoSoValue data, Bitcoin spot ETFs saw a net inflow of $197 million during the past trading week (July 6th to July 10th, US Eastern Time).
The Bitcoin spot ETF with the largest net inflow last week was Blackrock's ETF IBIT, with a weekly net inflow of $292 million. Currently, IBIT's total historical net inflow has reached $60.290 billion.
Following that was Grayscale's Bitcoin Mini Trust $BTC, with a weekly net inflow of $95.0840 million. Currently, $BTC's total historical net inflow has reached $2.490 billion.
Eight-week streak of net outflows ends; Ethereum spot ETF saw $84.42 million in net inflows last week
According to SoSoValue data, Ethereum spot ETFs recorded net inflows of $84.42 million last week (U.S. Eastern Time, July 6–10).
The Ethereum spot ETF with the highest net inflows last week was BlackRock’s ETF ETHA, with weekly net inflows of $53.7458 million; ETHA’s cumulative historical net inflows now stand at $1.118 billion. Next was Fidelity’s ETF FETH, with weekly net inflows of $37.4766 million; FETH’s cumulative historical net inflows now total $2.15 billion.