The big investor who reduced leverage before the ETF news came out yesterday just borrowed 3 million USDT from Compound and recharged it to Binance. This is to buy back the positions that were sold. $ETH
See original
LIVE--・390 views
LIVECrypto Hub
--
A large investor who long ETH with a leverage of 3,000 USD withdrew 2.98 million USDT from Binance 3 hours ago. He should have sold some ETH at a high price, and then repaid the loan with 2.98 million USDT in Compound.
6 days ago, the large investor first withdrew ETH worth 10.4 million USD from Binance, then deposited it into Compound as collateral, and then borrowed USDT and recharged it into Binance to buy ETH.
As of now, the large investor's address has 460,000 cETH, with a total value of nearly 3,500 USD. The ETH price of this address is 2554U. The news about whether the ETH ETF will be passed will be announced tomorrow morning, and the market may fluctuate greatly. Therefore, this address repaid part of the borrowed USDT in the morning for risk control to reduce the liquidation price.
Therefore, it is recommended to reduce leverage as much as possible on the news day and do a good job of risk control. $ETH
6 days ago, the large investor first withdrew ETH worth 10.4 million USD from Binance, then deposited it into Compound as collateral, and then borrowed USDT and recharged it into Binance to buy ETH.
As of now, the large investor's address has 460,000 cETH, with a total value of nearly 3,500 USD. The ETH price of this address is 2554U. The news about whether the ETH ETF will be passed will be announced tomorrow morning, and the market may fluctuate greatly. Therefore, this address repaid part of the borrowed USDT in the morning for risk control to reduce the liquidation price.
Therefore, it is recommended to reduce leverage as much as possible on the news day and do a good job of risk control. $ETH
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.