A whale/institution transferred 11,429 ETH to Binance in the past hour, equivalent to about 33.2 million US dollars
Odaily2024/07/05 05:00
By:Odaily
Odaily News According to the monitoring of on-chain analyst Ember, whales/institutions are unloading leverage and reducing their positions. This whale/institution, which recently bought the bottom of CRV and realized a loss of $1.04 million (-14%), transferred 11,429 ETH (33.2 million USD) to Binance in the last hour. This whale/institution pledged 53,000 ETH (154 million USD) on Comppund/Aave through 3 addresses to borrow 107.8 million stablecoins. Currently, the lowest health rate of his borrowing position has reached 1.15, which means that if ETH falls to around $2,526, his position will reach the liquidation line. As the price of ETH fell rapidly, he chose to sell part of the ETH to repay the loan to reduce leverage.
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