A massive whale (probably Abraxas Capital) has withdrawn 60K ETH ($203M) from Bitfinex at ~$3,387 in the past 27 hours.

The whale then lent ETH to Spark to borrow $119M in stablecoins and deposited it to Binance.

The $ETH price is up by 3% (17H), suggesting a $6.27M unrealized profit.

#ETH🔥🔥🔥🔥 #CryptoNewss #Market_Update #MarketInsights