This whale has stopped borrowing additional stablecoins and has begun accumulating assets using the funds already borrowed.
Over the past week, the whale withdrew another 12,880 ETH and 400 WBTC (totaling $49 million).
However, a notable shift is that the whale has completely halted further stablecoin borrowing. The borrowing rate dropped from $4.93 million per day to near zero, and the ETH accumulation rate slowed from 2,333 ETH/day to 1,260 ETH/day.
On August 10, the wallet deposited 9.86 million USDC into Spark to repay debt and deleverage.
Despite these signs of caution, a broader look reveals that the whale has continuously accumulated approximately $240.3 million worth of BTC and ETH from Binance over the last 41 days.
Over the past week, the whale withdrew another 12,880 ETH and 400 WBTC (totaling $49 million).
However, a notable shift is that the whale has completely halted further stablecoin borrowing. The borrowing rate dropped from $4.93 million per day to near zero, and the ETH accumulation rate slowed from 2,333 ETH/day to 1,260 ETH/day.
On August 10, the wallet deposited 9.86 million USDC into Spark to repay debt and deleverage.
Despite these signs of caution, a broader look reveals that the whale has continuously accumulated approximately $240.3 million worth of BTC and ETH from Binance over the last 41 days.