According to @lookonchain, Fasanara Capital bought 6,569 ETH worth $19.72M over the past two days, deposited the ETH into Morpho, and borrowed $13M USDC to purchase additional ETH, citing the Arkham-tagged address 0x1778767436111ec0AdB10F9BA4f51A329D0e7770 as on-chain evidence. Based on the $19.72M for 6,569 ETH reported by @lookonchain, the implied average entry is around $3,000 per ETH, and the sequence reflects collateralized, leveraged ETH accumulation via Morpho as flagged by @lookonchain using Arkham Intel data.

According to Lookonchain, Fasanara Capital withdrew 6.036 million ASTER worth about 11 million dollars from Gate.io roughly three hours ago, with attribution and transaction details referenced from Arkham Intelligence’s entity explorer. Large exchange outflows reduce on-exchange token supply and have historically aligned with lower immediate sell pressure, as documented by Glassnode Insights’ on-chain market studies. Traders seeking confirmation and follow-through flows can track the Fasanara-tagged wallets and ASTER netflows via Arkham Intelligence and Gate.io market data.

According to The Data Nerd, Fasanara Capital deposited a total of 5,626 ETH, valued at approximately $14.34 million, into major exchanges including Coinbase, Copper, and Gemini within 24 hours. Subsequently, the entity withdrew USDC to its wallet (source: @OnchainDataNerd, June 3, 2025). This significant ETH-to-USDC conversion signals a potential shift in large-scale trading strategies, increasing ETH liquidity on exchanges and potentially impacting spot and derivatives markets. Traders should watch for short-term volatility in ETH prices and monitor USDC inflows for clues on institutional positioning.