The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120BTc.com) News: With the upcoming Ethereum Shanghai upgrade and withdrawals, it is regarded by Ethereum supporters as the first major good news in 2023. Recently, Ethereum (ETH) has restarted its rise and once again exceeded US$1,300. It reached a high of $1,345, setting a new high since December 16 last year. As of the time of writing, it was temporarily trading at $1,324, an increase of 9.6% in the past seven days.

Although Ethereum has not exceeded $1,300 for a long time, major players seem to be taking action frequently. According to Lookonchain monitoring data, the company tagged as Longling Capital, a subsidiary of Meitu founder Cai Wensheng,
Capital)'s address, the first on-chain operation in the past half month, first transferred 8,000 ETH last night, and then withdrew 1.97 million USDC to return the loan on Compound, from which 18,000 ETH was withdrawn.

 Withdraw approximately 28,500 ETH from Compound and clear the leverage position

Subsequently, this address transferred another 8,000 ETH to Binance this morning (10) and withdrew another 2.68 million USDC to pay off all Compound loans, redeeming a total of 28,515 ETH (approximately US$37.7 million). Currently, the address The address no longer has a large position in the DeFi lending protocol, which also seems to imply that this wave of rising prices may have reached a peak, so it has cleared all leverage positions on the chain first.

 Transferred 16,000 ETH to Binance and withdrew 9,500 ETH

It is worth noting that a total of 16,000 ETH was transferred to this address last night and this morning, but three hours ago, another address marked as Longling Capital received 9,500 ETH. In other words, Longling Capital has not sold all the Ethereum coins that entered Binance, but only left 6,500 ETH coins on the exchange.

Despite this, it can still be speculated that Longling Capital’s on-chain operations in the past two days may be to make profits based on the recent increase. Currently, its two addresses have 21,034.15 ETH (about 27 million US dollars) and 19,603 ETH. (about 23 million U.S. dollars), with a total value of about 50 million U.S. dollars in ETH, so it is still worth watching whether there will be further actions in the future.