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0x5566
@0x5566
After looking at the purchases, let's look at the sales. A whale/institution sold 10,414 ETH last night: he transferred 10,414 ETH to Binance through 3 addresses, and then withdrew $36.32M in stablecoins from Binance. This whale/institution sold ETH this time to reduce leverage: his three addresses pledged 68,300 ETH ($228M) in Aave and Compound to borrow $141M in stablecoins. The stablecoins obtained from the sale of ETH this time were used to repay the loan and reduce the borrowing position. https://etherscan.io/address/0x95082939e1644c0ec25992bc9b6c4395e1bf146f
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