According to TechFlow, Lookonchain monitoring showed that a whale address withdrew 30,000 ETH (about 101.7 million US dollars) from Bitfinex an hour ago, and deposited 20,000 of them (about 67.8 million US dollars) into Spark.

Subsequently, the whale borrowed 34 million $DAI from Spark and exchanged it for 34 million USDC and deposited it on Binance. Currently, the address has 30,151 ETH (about 102.33 million US dollars) on Spark, borrowed 52 million $DAI, and the health rate is 1.63.