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Abraxas Capital-Linked Address Cuts ETH Leverage, Long Exposure Stands at About $350 Million
Binance News ·
Binance News reports: An address linked to Abraxas Capital has continued reducing its ETH leverage by adding more collateral and lowering borrowing activity. According to BlockBeats On-chain Detection, the address moved 20,000 ETH from Aave to Spark late yesterday and repaid about 55 million USDS, then borrowed another 10 million USDS today for a net reduction of about $45 million. Over the past week, the address added a net 57,000 ETH to Spark deposits, including 50,000 ETH transferred…