📢📢Odaily Planet Daily Hot News Express! 🔥🔥
According to the monitoring of on-chain analyst Yu Jin, whales/institutions have unloaded leverage and reduced their positions. This whale/institution that bought CRV at the bottom some time ago and lost $1.04 million (-14%) has transferred 11,429 ETH (33.2 million US dollars) to Binance in the last hour. 🐳🐳
This whale/institution pledged 53,000 ETH (154 million US dollars) on Comppund/Aave through 3 addresses to borrow 107.8 million stablecoins. At present, 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. This is a dynamic worthy of our attention. Let's see how this blockchain drama will develop! 🍿🍿