A certain whale transferred 7416 ETH to Binance and then transferred out 12.34 million USDT to repay a loan on Aave.
BlockBeats news on October 18th, according to on-chain analyst Yu Jin's monitoring, a whale transferred 7,416 ETH ($11.64 million) to Binance for sale last night and then withdrew 12.34 million USDT to repay the loan on Aave.
· The whale had leveraged long on ETH from June 12th to July 5th: borrowed 18.9 million USDT from Aave by collateralizing ETH, transferred to Binance, and withdrew 10,460 ETH at an average price of $1,806.
· The leveraged long on ETH this time resulted in a loss of approximately $1.22 million (-6.5%).