Deep Tide TechFlow News, Oct. 7: According to data monitored by Arkham, whale mtAAVEbank.ETH sold more than 138,000 LINK six hours ago, worth $1.9 million. At the time, BTC had not yet fallen below $84,000.
Analysis suggests the whale may have sold LINK to fund an 8x leveraged CRCL position on Hyperliquid. The position was then showing an unrealized loss of more than $1.25 million. The wallet still holds more than $21 million in digital assets, primarily stablecoins, with over 10% of its funds borrowed from Aave.
Analysis suggests the whale may have sold LINK to fund an 8x leveraged CRCL position on Hyperliquid. The position was then showing an unrealized loss of more than $1.25 million. The wallet still holds more than $21 million in digital assets, primarily stablecoins, with over 10% of its funds borrowed from Aave.