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
Musk: I'm beginning to think that the Department of Government Efficiency (DOGE) has real potential
Cointime•2024/11/16 08:44
The total market value of stablecoins increased by 2.46% in the past week
Cointime•2024/11/16 08:44
US spot Ethereum ETF had a net outflow of US$59.86 million yesterday
Cointime•2024/11/16 08:44
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$91,394.86
+2.60%
Ethereum
ETH
$3,123.77
+0.93%
Tether USDt
USDT
$1
+0.00%
Solana
SOL
$218.92
+2.80%
BNB
BNB
$623.6
+0.01%
XRP
XRP
$1.02
+25.97%
Dogecoin
DOGE
$0.3751
-0.14%
USDC
USDC
$0.9999
-0.01%
Cardano
ADA
$0.7368
+22.73%
TRON
TRX
$0.1931
+6.59%
Bitget pre-market
Buy or sell coins before they are listed, including ZRC, MAJOR, OGC, MEMEFI, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now