According to BlockBeats, on June 6th, EmberCN monitoring suggests that the 10,000 ETH previously transferred from Longling Capital to Binance has been sold. Simultaneously, its associated address withdrew 21.94 million USDT from Binance.
Data shows that this address currently has 95,845 ETH (approximately $149 million) staked on Aave and has borrowed 91.33 million USDT. The liquidation price of the current ETH position is approximately $1,148.
Analysts believe that Longling Capital's sale of some ETH and increase in stablecoin holdings may be aimed at further optimizing its asset and liability structure, reducing leverage, and shifting the liquidation line to enhance the safety margin of its positions during market volatility.
