Longling Capital is suspected to have sold 10,000 ETH, withdrew 21.94 million USDT, or further reduce liquidation risk

BlockBeats News, June 6th, according to EmberCN monitoring, the previously transferred 10,000 ETH from Longling Capital to Binance is suspected to have been sold. At the same time, its associated address withdrew 21.94 million USDT from Binance.

Data shows that the address currently has 95,845 ETH deposited in Aave (approximately $149 million), borrowed 91.33 million USDT, with a liquidation price of about $1,148 for the ETH in the position.

Analysis believes that Longling Capital's partial sale of ETH this time and increased holding of stablecoin may be aimed at further optimizing the asset-liability structure, reducing leverage, and moving the liquidation line down to enhance the safety margin of the position in market fluctuations.