According to Lookonchain, Bybit has transferred 40,000 ETH, valued at approximately $99.98 million, back to Bitget to repay a loan. This transaction is significant as it marks a substantial movement of Ethereum between major exchanges, potentially affecting ETH liquidity and market stability. Traders should monitor the impact of this repayment on both exchanges' operational dynamics and ETH's market price.

According to Lookonchain, Bybit has transferred 40,000 ETH, valued at approximately $99.98 million, back to Bitget to repay a loan. This significant transaction indicates a strategic financial move by Bybit, potentially affecting its liquidity and ETH market supply. Traders should monitor potential impacts on ETH trading volumes and market prices.

According to @EmberCN, a significant trader has likely liquidated their position rather than just de-leveraging out of fear of liquidation. After repaying their loan, they transferred over 10,000 ETH, with most of it moving into the OKX exchange.