Three Arrows Capital has exchanged all USD 200 million worth of ether into DAI USD stablecoin

According to the data on the BlockBeats blockchain, an ether wallet address held by Three Arrows Capital was found to have about $200 million worth of ether in it had been exchanged for the DAI dollar stablecoin. " Three Arrows Capital exchanged 17,780 stETHs for 16,625 ETHs, and all of them were converted into nearly 200 million DAI "

It is unknown how this $200 million USD stablecoin will be disposed of by Three Arrows Capital.

But this represents a huge amount of ether being dumped into the market.

At present, in terms of the price of ether, there has not been much fluctuation. It seems that this batch of ether seems to have paid a little attention to the market state during the process of selling, and the market has not collapsed.

However, this also means that there are big or retail investors who have eaten all the two hundred million dollars of ether.

It also appears that the bottom price of ether is almost here.

BTM City (Taiwan Bitcoin ATM) Xiaobian recommends that friends who are interested in ether can buy ether at bargain prices and save it. Of course, don’t forget to buy bitcoin and store it when bitcoin is relatively low. .

Don't forget Buffett's investment dictum: Be fearful when others are greedy, and be greedy when others are fearful.

That's right, everyone just depends on others to quickly enter the market and search for cheap bitcoins when they are afraid.

BTM City (Taiwan Bitcoin ATM) Xiaobian recommends that you use the ultra-simple Buddhist investment method to invest in Bitcoin. Using the Buddhist investment method to invest in Bitcoin is actually quite easy and has no burden. Don't worry about the price fluctuations of Bitcoin (Bitcoin).

How does the Buddhist investment method work?

It's very simple, you can bring several thousand or ten thousand yuan every week to our 24-hour service Bitcoin ATM (Bitcoin ATM) to buy Bitcoin (Bitcoin), or just think of it and you are free, you can bring several thousand or ten thousand yuan Come to our 24-hour service Bitcoin ATM (Bitcoin ATM) to buy Bitcoin (Bitcoin).

After buying Bitcoin, put Bitcoin in your own Bitcoin wallet. No matter whether it rises or falls, you just buy it all the way. After a few years, you will find The Bitcoin (Bitcoin) you bought during this time will help you make a lot of money, and you can easily increase your assets, good!

If you don't have a Bitcoin wallet, BTM City (Taiwan Bitcoin ATM) C editor recommends you to buy the [Student Ape Man] Safepal S1 hardware wallet ( click here to buy ), or install and apply for a software wallet on your mobile phone ( Click here to see instruction ).

Our Bitcoin ATM (Bitcoin ATM) location:

1. The address of the 24-hour Bitcoin ATM in Taipei is: No. 2-3, Meide Street, Shilin District, Taipei City (next to the exit of MRT Shilin Station, at the end of Lane 247, Zhongzheng Road )

You can find us via Google Map by clicking the link: https://goo.gl/maps/bCa1fMTZ8JLSyBUc6

2. The address of the 24-hour Bitcoin ATM in Taichung is: No. 2-1, Zhongshan Road, Central District, Taichung City ( not far from Miyahara Eye Clinic )

You can find us via Google Map by clicking the link: https://goo.gl/maps/1JR1SVDaTD5y2pir9