Longling Capital從Binance中撤出了2,000 ETH（約合400萬美元）

這項交易似乎很可能與加密投資公司Longling Capital有關，並且反映了以太坊市場的當前波動性。

The market for Ethereum (ETH) has experienced some pronounced movements lately. Just hours ago, a significant withdrawal of 2,000 ETH (around $4.1 million) took place, and it was no ordinary item of business.

以太坊市場（ETH）最近經歷了一些明顯的運動。就在幾個小時前，發生了2,000張ETH（約410萬美元）的大幅撤回，這不是普通的業務。

This transaction seems most likely connected to the crypto investment firm Longling Capital and reflects quite handily the current volatility of the Ethereum market. Longling withdrew from the centralized exchange Binance and then redeployed the withdrawn ETH into a lending smart contract on Aave, a decentralized finance (DeFi) platform. This serves as a counterpoint to the declining price of Ethereum and indicates that certain entities are still bullish on ETH.

這項交易似乎很可能與加密投資公司Longling Capital有關，並且反映了以太坊市場的當前波動性。 Longling退出了集中式的交易所二元，然後將撤回的ETH重新部署為藉助Smart合同，該合同是分散的融資（DEFI）平台Aave。這是與以太坊價格下降的對立面，並表明某些實體仍然對ETH看漲。

A Surge of Activity: The Longling Capital Wallet

活動激增：縱向資本錢包

Market watchers took note of the transaction from the Longling Capital wallet. The withdrawal of 2,000 ETH from Binance is part of a larger strategic move that involves utilizing decentralized platforms like Aave. Following the initial withdrawal, the wallet supplied a total of 73,302 ETH (approximately $151.06 million) to Aave. In return, the wallet borrowed 47.4 million USDT and 16.22 million USDC from the platform.

市場觀察家注意到了縱向資本錢包的交易。從Binance中撤出2,000 ETH是更大的戰略舉動的一部分，涉及利用諸如AAVE之類的分散平台。初次撤離後，錢包向AAVE提供了總計73,302 ETH（約1.510億美元）。作為回報，該錢包從該平台借了4740萬美元和1622萬美元。

3 hours ago, a wallet (maybe #Longling_Capital) withdrew 2k $ETH (~$4.1M) from #Binance and supplied into #Aave.

3小時前，錢包（也許#longling_capital）從#Binance中撤回了2K $ ETH（約410萬美元），並提供為#AAVE。

Normally, he will borrow $USDT / $USDC from #Aave and then deposit into #Binance to accumulate more $ETH.

通常，他將從#AAVE借入$ USDT / $ USDC，然後存入#Binance以累積更多的$ ETH。

Just now, he has supplied totally 73,302 $ETH (~$151.06M), borrowing 47.4M $USDT and 16.22M $USDC. pic.twitter.com/rkODTX5cAR

剛才，他完全提供了73,302美元的ETH（約1.516億美元），借用4740萬美元$ USDT和1622萬美元。 pic.twitter.com/rkodtx5car

— The Data Nerd (@OnchainDataNerd) March 4, 2025

- 數據書呆子（@OnchainDatanerd）2025年3月4日

This activity is relatively routine for large entities in the DeFi space. These funds are typically used as collateral to secure stablecoin loans (like USDT or USDC) that can be put to work trading or investing. The wallet holder seems to be using this strategy mainly to access more stable funds with which to (re)invest in Ethereum, presumably because they have a hunch that ETH’s price is about to drop or because they just like the coin’s long-term prospects.

對於Defi空間中的大型實體，此活動是相對常規的。這些資金通常被用作抵押貸款（例如USDT或USDC），可用於工作交易或投資。錢包持有人似乎正在使用這種策略，主要是為了獲得以太坊投資的更穩定的資金，大概是因為他們的預感即將下降，或者因為它們就像硬幣的長期前景一樣。

Nonetheless, Ethereum’s current price drop makes this particular instance significant. The crypto asset, which has been trading in the $2,000 range for most of 2023, fell below the $2,000 mark on September 18 and has not recovered back above that price since. With the most recent data showing that the cryptocurrency is trading around $2,050.40, down about 1.2% on the day, some observers are now taking a closer look at what’s been happening with Ethereum and reassessing their positions.

儘管如此，以太坊目前的價格下跌使該特殊實例變得很重要。加密資產在2023年的大部分時間內一直在2,000美元的範圍內交易，低於9月18日的2,000美元，此後一直沒有回收高於該價格。最新數據表明，加密貨幣的交易約為2,050.40美元，當天下降了約1.2％，一些觀察者現在正在仔細研究以太坊和重新評估其位置的情況。

According to Binance market data, ETH dropped to a low of $1,993 and is currently trading at $2,050.40 per coin, down 1.2% on the day. This marks the first time it has fallen below $2,000 since December 2023.

根據Binance Market數據，ETH跌至1,993美元的低點，目前的交易價格為每枚硬幣2,050.40美元，當天下降了1.2％。這標誌著自2023年12月以來，它首次跌至2,000美元以下。

— Wu Blockchain (@WuBlockchain) March 4, 2025

- Wu區塊鏈（@wublockchain）2025年3月4日

Ethereum’s Bearish Trend and $1,250 Prediction

以太坊的看跌趨勢和1,250美元的預測

Even though we can’t yet see the direct effect on Ethereum from the withdrawal, on-chain analysts appear to be becoming more pessimistic about where the cryptocurrency is headed. One prominent on-chain analyst, Ali Martinez, sees Ethereum as breaking out of a parallel channel, a technical pattern often associated with a downturn in price. He’s even projecting a drop to as low as $1,250 if the current bearish trend continues.

即使我們還不能從退出中看到對以太坊的直接影響，但鏈上分析師似乎對加密貨幣的發展方向變得更加悲觀。一位突出的鏈分析師阿里·馬丁內斯（Ali Martinez）認為以太坊是脫離平行渠道，這是一種技術模式，通常與價格低下有關。如果目前的看跌趨勢繼續下去，他甚至預計跌至1,250美元。

There are deepening concerns over the near-term price movements of Ethereum, and one of the biggest factors appears to be the ongoing outflow from Ethereum-related exchange-traded funds (ETFs). On March 3, Ethereum’s spot ETF experienced a net outflow of $12.1 million. This was not anomalous behavior; in fact, it was the eighth straight day that we had seen net outflows from not just the spot ETF, but also from the futures ETF and the total package of Ethereum ETFs. This is most definitely not a confidence booster for a crypto asset that is already under pressure.

人們對以太坊的近期價格變動引起了加深的擔憂，最大的因素之一似乎是與以太坊相關的交易所交易基金（ETF）的持續流失。 3月3日，以太坊的現貨ETF經歷了1,210萬美元的淨流出。這不是異常行為。實際上，這是我們連續第八天看到的不僅是現貨ETF的淨流出，還從期貨ETF和以太坊ETF的總包裝中看到了。對於已經處於壓力下的加密資產而言，這絕對不是信心助推器。

#Ethereum $ETH seems to be breaking out of a parallel channel, potentially setting up for a move to $1,250! pic.twitter.com/mciXzLJ8Ea

#Ethereum $ eth似乎正在擺脫平行頻道，有可能搬到$ 1,250！ pic.twitter.com/mcixzlj8ea

— Ali (@ali_charts) March 4, 2025

- Ali（@ali_charts）2025年3月4日

Market Sentiment and the Broader Picture

市場情緒和更廣闊的情況

The Ethereum market appears to be maintaining its bullish momentum with a combination of significant ETH withdrawals, negative technical indicators, and continued ETF outflows. The first

以太坊市場似乎正在維持其看漲的勢頭，其中包括大量的ETH戒斷，負面技術指標和持續的ETF流出。第一個