Source: Original from Bijie.com
Author: Encryption Takuya
According to the report of Bijie.com, as BTC address transfers appeared in the US government, German government, and Mentougou, the market plummeted and whales on major chains fled.
The U.S. government also holds 213,000 BTC, worth approximately $11.5 billion, and 50,000 ETH, worth approximately $1.45 billion.
The German government also holds 42,000 BTC, worth approximately $2.3 billion.
Mentougou also holds 141,600 BTC, worth approximately US$7.69 billion.
At present, all whales and institutions are unloading leverage and reducing their positions.
In the past three hours, a whale has transferred 11,429 ETH and 7,641 ETH to Binance. Currently, a total of 20,830 ETH has been transferred to Binance, worth about 59 million US dollars.
According to the analysis of on-chain analyst Yu Jin, the whale pledged 53,000 ETH on Comppund/Aave through three 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. With the rapid decline in ETH prices, he chose to sell part of the ETH to repay the loan to reduce leverage.