Aug 11
This is a follow up to a User Behavior Indicator introduced earlier.
Long story short, we keep an eye on a group of "sharks" in stablecoins, the ones holding $10K-$100K in USDT and USDC:

Did they buy the dip, did they sold the top? What did they swap their stables to?
We did a short research and found out that the recent decline in both stablecoin holdings is connected with the following moves:

44% – Sent to CEX
7% – Swapped to ETH
7% – Deposited into Aave as collateral
4% – Swapped to RLB
3% – Swapped to DAI, deposited into Maker
3% – Swapped to USDC, opened leveraged positions on dYdX
Other transactions were either wallets reshuffling or unclear.
Aug 7
You can see that during all major USDT depegs in the past, there were massive spikes of Age Consumed, meaning a lot of previously dormant coins got moving on-chain. But this time it's quieter than even, no major movements can be noticed. What could be the reason behind this lack of movement? Is no-one interested in capturing some arbitrage?