Justin Sun: Withdraws $93M USDT from Spark

Justin Sun, Tron founder, yanked his entire 93.41 million USDT from the Spark lending protocol's deposit pool, wiping out 9.89% of that pool's TVL in one swift move. Funds landed straight into HTX just half an hour later, with a smaller 10,417 USDC withdrawal tagging along—eyes on whether more pulls follow from his wallet at 0x93904eeC579e5bF7a57C2DD4AfbEA0F1C3e6A1D1. This reverses his recent heavy plays in Spark, where he'd stacked up to $1.3 billion in assets including massive USDS and USDC deposits, farming $5.38 million in rewards. Traders watch these Justin Sun crypto moves closely, as they ripple through Ethereum lending platforms and could signal broader DeFi liquidity shifts, especially with Bitcoin BTC hovering in volatile territory.

Zooming into the ETH 4h chart, price action clings to $2246.24 amid a bearish grind, testing the EMA200 at $2252.74 as immediate overhead resistance while the EMA50 looms higher at $2306.26, reinforcing the downtrend structure. MACD's death cross at -17.66 screams sustained selling pressure, but RSI at 39.55 stays neutral, hinting at no immediate oversold bounce—yet volatility squeezes inside Bollinger Bands, with upper resistance at $2365.37 capping upside and lower support at $2220.1 offering a potential floor. Confluence here points to ETH probing that lower band exhaustion before any reversal, especially if DeFi outflows like Sun's accelerate ETH price prediction risks in this crypto market crash environment.