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Longling Capital is suspected to have sold 10,000 ETH, withdrew 21.94 million USDT, or further reduce liquidation risk

2026.06.06 22:46:26

BREAKING (June 6) – Per EmberCN monitoring, the 10,000 ETH Longling Capital previously transferred to Binance are suspected to have been sold. Meanwhile, the firm’s associated address withdrew 21.94 million USDT from the crypto exchange. On-chain data shows the address currently holds 95,845 ETH deposited on Aave (valued at ~$149 million), with a borrowed balance of 91.33 million USDT. The liquidation price for its ETH positions is approximately $1,148. Industry analysis suggests Longling Capital’s partial ETH sale and increased stablecoin holdings this time are likely aimed at optimizing its asset-liability structure, reducing leverage, and lowering the liquidation threshold to improve its position’s safety margin amid market fluctuations.
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