A whale transferred ETH and cbBTC to FalconX and Coinbase, possibly for sale and loan repayment.

CoinFeed reported on March 16th that, according to Onchain Lens monitoring, an OTC whale address "0xfb7" transferred 12,000 ETH to FalconX and 330 cbBTC to Coinbase, totaling approximately $271 million, suspectedly used to sell and repay loans. It currently holds 3,670 cbBTC, 120,380 stETH, and 17,753 WETH, and has borrowed $97.41 million USDT from Aave.