📢📢Blockchain news! According to on-chain analyst Ember, a whale/institution sold 10,414 ETH last night. This big guy transferred these ETH to Binance through 3 addresses and then withdrew $36.32 million in stablecoins. 🐳🐳
What is the reason behind this action? It turns out that this whale/institution wanted to reduce leverage. He pledged 68,300 ETH (US$228 million) on Aave and Compound to borrow $141 million in stablecoins. The stablecoins obtained from the sale of ETH this time were used to repay the loan, reducing the borrowing position. 💰💰
Although ETH was sold this time, we are still optimistic about the prospects of Bitcoin. After all, the world of blockchain and cryptocurrency is full of infinite possibilities! 🚀🚀