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A certain Whale is once again using high leverage to go long on ETH, with the liquidation price approaching $1586.
Odaily News According to Yujin Monitoring, a certain Whale has leveraged up again to go long on ETH using a revolving loan method. Two hours ago, it borrowed 34.75 million USDT through Aave and purchased 19,972.8 ETH at an average price of 1,740 USD. It is worth noting that this address sold 30,894 ETH to stop losses last month when ETH dropped to 1790 USD, incurring a loss of about 40 million USD. The current leveraged position of 50,000 ETH is facing liquidation risk, with a liquidation price of 1586.8 USD. If ETH experiences a significant pullback again, it may repeat the same fate.