PANews reported on April 23 that according to on-chain analyst Yu Jin’s monitoring, a whale who went long on ETH through revolving loans borrowed 34.75 million USDT from Aave 2 hours ago and purchased 19,972.8 ETH at an average price of $1,740. Last month, the address sold 30,894 ETH at $1,790 to stop losses due to the decline in ETH, resulting in a loss of about $40 million. The current liquidation price of 50,000 ETH after the new leverage is $1,586.8.
A whale who went long on ETH through a revolving loan increased his ETH position again, with the liquidation price at about $1,586
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