Kanye West: Averages ETH Long Down to $2553 via Aave
@ai_9684xtpa reports Kanye West has withdrawn 12549.9 ETH from Binance since September 29 and looped 18500.54 WETH on Aave to lower his long average to $2553.31 while maintaining a 1.51 health factor.
SourceAnalysis
Kanye West continues looping a long ETH position through Aave address 0xdeA…a1d5c, collateralizing 18500.54 WETH to borrow 25.01 million USD stablecoins at a 1.51 health factor.
Since 09.29 the address has pulled 12549.9 ETH worth 32.04 million USD from Binance, averaging the entry from 2736.47 down to 2460 with a mean cost of 2553.31; seven hours ago the wallet moved 5 million USDC to a linked address and one hour ago withdrew another 1445 ETH worth 3.91 million USD back onto Binance.
Price sits at 2446.71 inside the Bollinger band with upper resistance at 2504.93 and lower support at 2365.35; the structure remains bearish as price tests the EMA50 at 2450.13 while the EMA200 at 2514.64 caps upside, yet the MACD golden cross at 13.33 and neutral RSI at 50.95 suggest any bounce will likely stall at the upper band before a healthy retracement to the 50-EMA support.
Ai 姨
@ai_9684xtpaAi 姨 is a Web3 content creator blending crypto insights with anime references