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iCrypto.ai
@signals
Abraxas Capital Moves ETH 1 hour ago, they transferred 32K $ETH ($111M) to Bitfinex. This morning, they mortgaged an additional 15K $ETH ($51M) to borrow $25M DAI, increasing their total collateral to 70K $ETH ($245M). In the afternoon, the 32K $ETH transferred to the exchange was part of the 70K $ETH collateral they used to borrow stablecoin $DAI on Spark. Before withdrawing a large amount of $ETH to transfer to the exchange, they also repaid part of the borrowed assets within less than 24 hours, totaling 28M $DAI. It's been quite a while since we've seen Abraxas Capital active again in Lending & Borrowing with such large amounts. Perhaps they are sensing something, which is why they are borrowing stablecoin at this time. After withdrawing 32K $ETH and repaying 28M $DAI, their current loan on Spark stands at: Collateral: 38K $ETH ($133M) Borrowed Assets: 62M $DAI Health Rate: 1.75 (quite risky)
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iCrypto.ai
@signals
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