coin-img-ETHETH+0.32%coin-img-BTCBTC-0.66%coin-img-UCNUCN+0.26%coin-img-SOLSOL-0.40%coin-img-XRPXRP-0.71%coin-img-USDCUSDC+0.00%coin-img-OKBOKB-3.71%coin-img-ADAADA-0.76%coin-img-ETHETH+0.32%coin-img-BTCBTC-0.66%coin-img-UCNUCN+0.26%coin-img-SOLSOL-0.40%coin-img-XRPXRP-0.71%coin-img-USDCUSDC+0.00%coin-img-OKBOKB-3.71%coin-img-ADAADA-0.76%coin-img-ETHETH+0.32%coin-img-BTCBTC-0.66%coin-img-UCNUCN+0.26%coin-img-SOLSOL-0.40%coin-img-XRPXRP-0.71%coin-img-USDCUSDC+0.00%coin-img-OKBOKB-3.71%coin-img-ADAADA-0.76%coin-img-ETHETH+0.32%coin-img-BTCBTC-0.66%coin-img-UCNUCN+0.26%coin-img-SOLSOL-0.40%coin-img-XRPXRP-0.71%coin-img-USDCUSDC+0.00%coin-img-OKBOKB-3.71%coin-img-ADAADA-0.76%

On-chain Data: Trader Borrows $85M USDT to Buy Ether

An address previously holding 489,696 ether (ETH) borrowed 85 million USDT from lending protocol Aave, sent the funds to Binance, and withdrew 38,576 ETH worth about $119.3 million over the past eight hours during a decline in ether’s price, according to blockchain analytics account Lookonchain. Lookonchain reported that, based on the address’s earlier large ETH purchases, the estimated liquidation price for its leveraged position is around $1,594.
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ETH
ETH+0.31%
AAVE
AAVE+0.20%
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