🚨 ETH correction, Longling has fled since last night!

Just 19 hours ago, Longling Digital's wallet address withdrew 7.4 million USDT from the @binance exchange to their personal wallet. This amount of stablecoin was borrowed by Longling by collateralizing ETH at two price levels of 1760 USD and 2000 USD, and yesterday they repaid this loan when ETH reached the milestone of 2700 USD.

⚠️ This could be a short-term bearish signal, as the amount of USDT repaid is just a small part of the total debt. Currently, this wallet address is still borrowing about 64 million USD to trade in the uptrend wave.

💡 It can be understood that this action by Longling is merely optimizing short-term profits, and in the long run, they remain very bullish on the growth potential of ETH.

#ETH #Longling #CryptoNews #BearishSignal #BullishLongTerm #CryptoMarket