A whale/institution transferred 11,429 ETH to Binance in the past hour, equivalent to about 33.2 million US dollars
Odaily2024/07/05 05:00
By:Odaily
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Odaily News According to the monitoring of on-chain analyst Ember, whales/institutions are unloading leverage and reducing their positions. This whale/institution, which recently bought the bottom of CRV and realized a loss of $1.04 million (-14%), transferred 11,429 ETH (33.2 million USD) to Binance in the last hour. This whale/institution pledged 53,000 ETH (154 million USD) on Comppund/Aave through 3 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. As the
price of ETH fell rapidly, he chose to sell part of the ETH to repay the loan to reduce leverage.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Bitget Has Completed the Vanar Chain (VANRY) Contract Swap
Bitget Announcement•2026/08/31 12:00
Hold USDGO for dual perks, earn up to 30%+ APR!
Bitget Announcement•2026/08/31 02:00
Bitget to Adjust CFD Leverage During Special Trading Periods in the First Week of September 2026
Bitget Announcement•2026/08/28 11:30
New spot margin trading pair — DGAI/USDT!
Bitget Announcement•2026/08/26 03:56
Crypto prices
MoreBitcoin
BTC
$77,791.95
-1.12%
Ethereum
ETH
$2,448.27
-0.67%
Tether USDt
USDT
$0.9996
-0.04%
BNB
BNB
$685.56
-1.39%
XRP
XRP
$1.36
-2.79%
USDC
USDC
$1
-0.00%
Solana
SOL
$102.62
-2.81%
TRON
TRX
$0.3345
-1.78%
Hyperliquid
HYPE
$81.03
-2.99%
Dogecoin
DOGE
$0.08246
-3.17%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now