🐋 Large wallet bought 10,000 ETH with borrowed USDT
On November 9, BeInCrypto reported, citing Lookonchain, that a large address borrowed 22 million USDT through Aave and used about $21.55 million to buy 10,000 ETH. Another wallet withdrew 3,500 ETH from Binance that same day, bringing its weekly withdrawal volume to 16,577 ETH.
Meanwhile, U.S. spot ETH ETFs recorded net outflows of about $365.3 million for the week of November 2–6, according to SoSoValue. Outflows from the funds were already known; the new development was purchases by individual large addresses. These trades do not prove a market reversal, and the use of borrowed funds increases the risk of liquidation.
Source: BeInCrypto, November 9, 2026; data from Lookonchain and SoSoValue.
#Ethereum #Ончейн
On November 9, BeInCrypto reported, citing Lookonchain, that a large address borrowed 22 million USDT through Aave and used about $21.55 million to buy 10,000 ETH. Another wallet withdrew 3,500 ETH from Binance that same day, bringing its weekly withdrawal volume to 16,577 ETH.
Meanwhile, U.S. spot ETH ETFs recorded net outflows of about $365.3 million for the week of November 2–6, according to SoSoValue. Outflows from the funds were already known; the new development was purchases by individual large addresses. These trades do not prove a market reversal, and the use of borrowed funds increases the risk of liquidation.
Source: BeInCrypto, November 9, 2026; data from Lookonchain and SoSoValue.
#Ethereum #Ончейн