Wang Chun, co-founder of F2Pool, exchanged 235.5 wrapped Bitcoin (WBTC) worth $19.31 million for 7,848.5 Ethereum (ETH) amid a Bitcoin price dip to $80,500. This move continues his months-long strategy of favoring ETH over BTC, starting with significant ETH purchases in June 2026 when ETH was near its yearly low against BTC. The ETH/BTC ratio has risen since then, indicating Wang's bet that Ethereum will outperform Bitcoin in the near term. Despite recent volatility and ETH's sharper price drop compared to BTC, this trade signals confidence in Ethereum's potential recovery and growth relative to Bitcoin.
Wang Chun's significant bet on Ethereum highlights the ongoing competition between ETH and BTC. On Pluang, as of Oct 09, 2026 18:42 WIB, Bitcoin trades at Rp1.481.487.337 with a slight 0.30% gain over the day, while Ethereum is priced at Rp44.658.320 but has fallen 1.57% in the same period. Despite Ethereum's recent dip, Pluang users show strong buying interest in both assets, with 76% buying BTC and 71% buying ETH, reflecting continued confidence in these cryptocurrencies.
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