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.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Bitcoin volatility fell for two consecutive days, temporarily reported at 2.02%
Cointime•2025/05/10 13:00
SOL falls below $170
Cointime•2025/05/10 13:00
DeFi platform Zaros will cease operations due to running out of funds
Cointime•2025/05/10 13:00
Trump: India and Pakistan have agreed to an immediate and complete ceasefire
Cointime•2025/05/10 13:00
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$103,657.31
+0.74%

Ethereum
ETH
$2,407.74
+2.99%

Tether USDt
USDT
$1
+0.02%

XRP
XRP
$2.4
+0.65%

BNB
BNB
$652.11
+2.40%

Solana
SOL
$171.18
-0.54%

USDC
USDC
$0.9999
-0.01%

Dogecoin
DOGE
$0.2255
+8.99%

Cardano
ADA
$0.7995
+1.08%

TRON
TRX
$0.2598
-1.01%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now