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Institutional heavyweights: Fasanara Capital swept up over 6500 ETH in two days, leveraging DC by borrowing USDC.
[Coin World] On-chain data shows that Fasanara Capital has been quite aggressive in its operations over the past two days—buying 6,569 ETH in just 48 hours, spending nearly 20 million USD. However, this guy didn't stop there; he transferred these ETH to the Morpho platform and then borrowed 13 million USDC. The strategy is clear: use ETH as collateral to borrow stablecoins from a DeFi platform, and then use the stablecoins to buy more ETH, leveraging to go long. This kind of operation is common in a bullish market, but one must be aware of the risks—if the price of ETH plummets, the liquidation risk is significant.