Fasanara Capital Buys 6,569 ETH Worth $19.72M and Borrows $13M USDC to Buy More ETH on Morpho Platform

ETH

ETH/USDT

$2,113.64

-7.22%

$2,113.64

-7.22%

(24s)

24h Volume

$37,939,871,804.04

24h H/L

$2,293.99 / $2,068.20

Change: $225.79 (10.92%)

Long/Short

79.4%

Long: 79.4%Short: 20.6%

Funding Rate

+0.0040%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,087.22

▼ -2.84%

Volume (24h): -

Resistance Levels

Resistance 3$2,820.15

Resistance 2$2,294.17

Resistance 1$2,149.26

Price$2,087.22

Support 1$2,068.20

Support 2$1,940.12

Support 3$1,532.78

Pivot (PP):$2,109.73

Trend:Downtrend

RSI (14):22.5

As reported by COINOTAG News and tracked by LookIntoChain, Fasanara Capital purchased 6,569 ETH, valued at about $19.72 million, over the past two days. The stake was deposited on the Morpho platform, an Ethereum-based DeFi liquidity protocol. Simultaneously, the firm borrowed roughly $13 million in USDC to fund additional ETH acquisitions. The move highlights institutional appetite for direct ETH exposure and DeFi liquidity, with details monitored by market data trackers.

From a market structure view, the Morpho deployment signals a tactical approach to leverage collateralized borrowing for enhanced ETH exposure. The combination of a large ETH buy and USDC borrow could influence funding rates on Morpho and widen near-term ETH liquidity. Stakeholders should monitor LookIntoChain and COINOTAG News for updates on whether these positions become a long-term stake or modular liquidity, and what this implies for ETH supply dynamics in the DeFi ecosystem.