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A certain Whale goes long on Ethereum through circular lending, with an average price of 1740 dollars.
BlockBeats news, on April 23, according to EmberCN monitoring, a certain Whale borrowed 34.75 million USDT from Aave in the form of a revolving loan 2 hours ago to buy 19,972.8 ETH, with an average price of 1,740 USD. Currently, there are 50,000 ETH in its Address, with a liquidation price of 1,586.8 USD. This Whale’s Address had previously sold 30,894 ETH at a price of 1,790 to avoid liquidation of its Position due to the fall of ETH over a month ago, resulting in a loss of 40 million USD.