Longling Capital Withdraws 10,001 ETH from Binance Amid Market Fluctuations

In a significant market development, Longling Capital has executed a withdrawal of 10,001 ETH, equivalent to approximately $19.16 million, from Binance. This follows an earlier deposit of 21,000 ETH, valued at around $38.81 million, made just eight hours prior. Such activity signals a strategic maneuver amidst fluctuating market conditions. Notably, during the tumultuous period of June 14-15, 2022, Longling Capital faced on-chain liquidation involving 93,793 ETH, translating to a substantial loss of $114 million. Currently, the firm’s Health Factor on Aave is reported at 1.82, with a liquidation threshold set at $1,048. This latest movement highlights the importance of ongoing monitoring and risk management strategies in the volatile world of cryptocurrency trading.