Wu reported that as ETH broke $3,100, an investment institution transferred 17,289 ETH (approximately $52.84 million) to a certain platform 4 hours ago, and withdrew $19.11 million in USDT to repay a loan taken out for purchasing coins, starting partial take profit to drop leverage. Previously, the institution had borrowed about $270 million at approximately 2x leverage on a certain lending platform to make purchases.
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Wu reported that as ETH broke $3,100, an investment institution transferred 17,289 ETH (approximately $52.84 million) to a certain platform 4 hours ago, and withdrew $19.11 million in USDT to repay a loan taken out for purchasing coins, starting partial take profit to drop leverage. Previously, the institution had borrowed about $270 million at approximately 2x leverage on a certain lending platform to make purchases.