During the previous overall market rally, a certain wallet address used Ethereum as collateral through the method of collateralized borrowing, continuously borrowing stablecoins to buy tens of thousands of ETH as the coin price rose. However, according to information shared by on-chain analyst Yu Yan, this address sold ETH through multiple transactions this morning to repay the debt, reducing all positions in Compound to zero, and finally transferred all 6,391 ETH to Binance, ending this wave of bullish trades.
