The government holding coin Address is active, and the Whale is reducing leverage to respond to market Fluctuation.

Recently, the crypto assets market has experienced significant fluctuations, with transfer activities occurring in Bitcoin addresses held by various governments, leading to a sharp fall in the market. Many large investors on-chain have taken measures to address this situation.

According to data, the U.S. government currently holds approximately 213,000 Bitcoins, valued at around $11.5 billion; at the same time, it holds 50,000 Ethereum, valued at about $1.45 billion. The German government holds 42,000 Bitcoins, valued at around $2.3 billion. In addition, a well-known trading platform still holds 141,600 Bitcoins, valued at approximately $7.69 billion.

In this situation, large investors and institutions are taking strategies to reduce leverage and decrease positions.

In the last 3 hours, a large investor transferred a total of 20,830 Ethereum (worth approximately $59 million) into a trading platform through multiple operations.

On-chain analysis experts pointed out that this investor has mortgaged 53,000 Ethereum through three different addresses on a decentralized lending protocol, borrowing approximately $107.8 million in stablecoins. Currently, the minimum health rate of its lending position has dropped to 1.15. This means that if the price of Ethereum falls to around $2,526, its position will face liquidation risk. Therefore, as the price of Ethereum rapidly declines, this investor has chosen to sell part of their Ethereum to repay the loan, thereby reducing leverage levels.

This series of trends reflects the current uncertainty in the Crypto Assets market, where investors are taking various measures to manage risks and protect their assets. Market participants need to closely monitor subsequent developments and make cautious decisions.