Phillip Ngo
@phillipngo
Jrf.eth Activity: Withdrew 20,000 ETH ($65 million) from an anonymous wallet to a Lending Borrowing wallet. Purpose: Increase collateral to borrow more WBTC. - 52Hz Onchain
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Phillip Ngo
@phillipngo
Short-term: Bearish signal: Jrf.eth is increasing their health rate to prepare for a market correction. Medium-term and long-term: Bullish signal: Jrf.eth is borrowing more ETH to invest during a market correction. - 52Hz Onchain
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Phillip Ngo
@phillipngo
Other Signals: Tether has minted 3 billion USDT in the past 3 days. Purpose: To provide liquidity for MMs to swap Fiat for Stablecoins. Long-term bullish signal: Capital is continuously flowing into the market through Stablecoins. - 52Hz Onchain
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