🚨 ETH correction, Longling has fled since last night!

Only 19 hours ago, the wallet address of Longling Digital withdrew 7.4 million USDT from @binance to a personal wallet. This stablecoin amount 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 repaid USDT is only a small part of the total debt. Currently, this wallet address is still borrowing about 64 million USD to trade in the uptrend market.

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

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