MMmie

Perhaps it will influence the direction of the wider market

BITFINEX:ETHUSD   Ethereum
1 / The smart whale that made around $2.5 million during the #USDC decoupling is long ETH on #Aave.
Today, this whale:
- Converted 7,169 stETH with 7,169 ETH.
- Deposited 7,169 stETH into #Aave.
- Borrowed $8.45M USDT.
- Deposited 8,450,000 USDT into #Binance (possible ETH purchase).

2/ Whale deposited 28,755 stETH ($52M) into Aave, borrowing a total of 36M USDT.
The health rate is 1.2.
When the price of ETH drops by 20% (~1,511) it will be liquidated.

3/ During the USDC decoupling period, Smart Whale exchanged a total of 66.6M USDT for 69.2M USDC.
USDC was then exchanged for USDT when USDC returned to the peg in April.
A profit of around $2.5 million!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.