According to Lookonchain, a whale withdrew over $206 million in Ethereum (ETH) from Bitfinex within 16 hours. The whale, likely associated with Abraxas Capital Management, deposited ETH into DeFi provider Spark to use as collateral for stablecoin DAI. They borrowed 101 million DAI, converted it to USDC, and deposited it into Binance. This transaction reflects strategic moves in the crypto space amid market fluctuations.

Source: [0x资讯](https://0xzx.com/2024070218034582859.html)