Data: The whale address that previously went long on the ETH/BTC exchange rate has withdrawn BTC from Binance to repay the BTC, with a loss of about $4 million

CoinVoice recently learned that on July 5, according to the monitoring of on-chain data analyst Yu Jin, the whale address that previously used the Aave platform to cycle borrowing and long the ETH/BTC exchange rate pair withdrew 1,100 BTC in batches from the Binance platform for repayment between June 29 and July 5. Since the current ETH/BTC is 0.063, which is lower than the beginning of June (0.07 on June 2), the long ETH/BTC exchange rate pair lost about 4 million US dollars.

CoinVoice previously reported that the whale address has deposited 29,031 ETH into Aave (worth approximately $55.2 million) and borrowed 1,100 WBTC (worth approximately $29.87 million) since May 26, in order to cycle long on the ETH/BTC exchange rate pair. [Original link]