Whale Unloads Ether to Settle Positions: Analysts Warn Ether is Losing Upward Momentum

Whale Unloads Ether to Settle Positions: Analysts Warn Ether is Losing Upward Momentum

Whale Unloads Ether to Settle Positions: Analysts Warn Ether is Losing Upward Momentum

During the previous overall market rally, a certain wallet address used Ether as collateral through the method of flash lending, continuously borrowing stablecoins to purchase tens of thousands of Ether as its price rose. However, according to information shared by on-chain analyst Yu Yan, the address sold Ether through multiple transactions this morning to repay its debt, reducing its position in Compound to zero, and finally transferred all 6,391 ETH to Binance, thus concluding this wave of bullish trades.