Market fluctuations trigger on-chain Whale actions, Large Investors transfer $59 million ETH to drop leverage.

Recently, the Crypto Assets market experienced a big dump, attracting attention from all sides. Multiple Bitcoin Addresses held by various national governments have shown transfer activities, while a large number of on-chain Whales have also begun to take action.

It is reported that the U.S. government still holds about 213,000 Bitcoins, valued at approximately $11.5 billion, and 50,000 Ethereum, worth about $1.45 billion. The German government holds about 42,000 Bitcoins, valued at around $2.3 billion. Another highly followed holder possesses 141,600 Bitcoins, valued at approximately $7.69 billion.

In this round of market turmoil, many large holders and institutional investors have begun to reduce leverage and decrease positions. Data shows that within just 3 hours, a large holder transferred a total of 20,830 Ethereum, consisting of 11,429 and 7,641 coins, to a certain trading platform, worth approximately 59 million dollars.

According to observations from on-chain analysis experts, this investor has mortgaged 53,000 Ethereum through multiple addresses on certain lending protocols, borrowing $107.8 million in stablecoins. Currently, the health rate of their lending position has dropped to a minimum of 1.15, which means that if the price of Ethereum falls to around $2,526, their position will face liquidation risk. Therefore, in the event of a rapid decline in Ethereum prices, the investor has chosen to sell part of their Ethereum for repayment to reduce leverage levels.

This series of trends reflects the current tense atmosphere in the crypto assets market, where investors are actively adjusting their strategies to cope with market fluctuations. With various parties continuously following market movements, there are still many uncertainties in the future market development.