On May 16, tracking from Onchain Lens revealed that a large 'whale' withdrew 13,800 ETH, worth about 35.26 million USD from the Coinbase exchange. These ETH assets were used to repay a loan collateralized by cbBTC.
Currently, this 'whale' still has a debt of 32,377.6 ETH, equivalent to about 82.61 million USD. This indicates a complex trading trend and large volume in the cryptocurrency world.
Although this information is only market-related, participants need to be cautious and should not consider it as investment advice. Such large capital movement trends can significantly impact the market and individual investment strategies.
Source: https://tintucbitcoin.com/ca-voi-rut-13-800-eth-hoan-no-cbbtc-the-chap/
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