ETH Drops Again, No Further Buying Plans After Loan Repayment

ETH is down again. Trend Research: In the past, when ETH dropped, they would usually borrow USDT to buy ETH on Binance. But today, 3 hours ago, they withdrew $30M USDT from Binance back on-chain to repay loans. It seems like there are no plans for further buying at the moment. ◎ They currently hold a total of 651,300 ETH ($1.85B), with an average cost of around $3180. They are currently sitting on an unrealized loss of about $215M. ◎ Their loans on Aave amount to $1.03B, with an overall leverage of approximately 2.2x. https://intel.(arkm.com)/explorer/entity/16090b03-b744-484a-8a6d-b1c62b21fd95 ---------------------------------------------------------｜Bitget VIP, lower fees, crazier perks