Longling Capital从Binance中撤出了2,000 ETH（约合400万美元）

这项交易似乎很可能与加密投资公司Longling Capital有关，并且反映了以太坊市场的当前波动性。

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.

以太坊市场（ETH）最近经历了一些明显的运动。就在几个小时前，发生了2,000张ETH（约410万美元）的大幅撤回，这不是普通的业务。

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 Longling withdrew from the centralized exchange Binance and then redeployed the withdrawn ETH into a lending smart contract on Aave, a decentralized finance (DeFi) platform.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.

这项交易似乎很可能与加密投资公司Longling Capital有关，并且反映了以太坊市场的当前波动性。 Longling退出了集中式的交易所二元，然后将撤回的ETH重新部署为借助Smart合同，该合同是分散的融资（DEFI）平台Aave。这是与以太坊价格下降的对立面，并表明某些实体仍然对ETH看涨。

A Surge of Activity: The Longling Capital Wallet

活动激增：纵向资本钱包

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.

市场观察家注意到了纵向资本钱包的交易。从Binance中撤出2,000 ETH是更大的战略举动的一部分，涉及利用诸如AAVE之类的分散平台。初次撤离后，钱包向AAVE提供了总计73,302 ETH（约1.510亿美元）。作为回报，该钱包从该平台借了4740万美元和1622万美元。

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

3小时前，钱包（也许#longling_capital）从#Binance中撤回了2K $ ETH（约410万美元），并提供为#AAVE。

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

通常，他将从#AAVE借入$ USDT / $ USDC，然后存入#Binance以累积更多的$ ETH。

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

刚才，他完全提供了73,302美元的ETH（约1.516亿美元），借用4740万美元$ USDT和1622万美元。 pic.twitter.com/rkodtx5car

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

- 数据书呆子（@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.

对于Defi空间中的大型实体，此活动是相对常规的。这些资金通常被用作抵押贷款（例如USDT或USDC），可用于工作交易或投资。钱包持有人似乎正在使用这种策略，主要是为了获得以太坊投资的更稳定的资金，大概是因为他们的预感即将下降，或者因为它们就像硬币的长期前景一样。

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.

尽管如此，以太坊目前的价格下跌使该特殊实例变得很重要。加密资产在2023年的大部分时间内一直在2,000美元的范围内交易，低于9月18日的2,000美元，此后一直没有回收高于该价格。最新数据表明，加密货币的交易约为2,050.40美元，当天下降了约1.2％，一些观察者现在正在仔细研究以太坊和重新评估其位置的情况。

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.

根据Binance Market数据，ETH跌至1,993美元的低点，目前的交易价格为每枚硬币2,050.40美元，当天下降了1.2％。这标志着自2023年12月以来，它首次跌至2,000美元以下。

— Wu Blockchain (@WuBlockchain) March 4, 2025

- Wu区块链（@wublockchain）2025年3月4日

Ethereum’s Bearish Trend and $1,250 Prediction

以太坊的看跌趋势和1,250美元的预测

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.

即使我们还不能从退出中看到对以太坊的直接影响，但链上分析师似乎对加密货币的发展方向变得更加悲观。一位突出的链分析师阿里·马丁内斯（Ali Martinez）认为以太坊是脱离平行渠道，这是一种技术模式，通常与价格低下有关。如果目前的看跌趋势继续下去，他甚至预计跌至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.

人们对以太坊的近期价格变动引起了加深的担忧，最大的因素之一似乎是与以太坊相关的交易所交易基金（ETF）的持续流失。 3月3日，以太坊的现货ETF经历了1,210万美元的净流出。这不是异常行为。实际上，这是我们连续第八天看到的不仅是现货ETF的净流出，还从期货ETF和以太坊ETF的总包装中看到了。对于已经处于压力下的加密资产而言，这绝对不是信心助推器。

#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似乎正在摆脱平行频道，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

市场情绪和更广阔的情况

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

以太坊市场似乎正在维持其看涨的势头，其中包括大量的ETH戒断，负面技术指标和持续的ETF流出。第一个