Foresight News reports that according to EmberCN monitoring, a whale borrowed 34.75 million USDT from Aave in a circular loan form 2 hours ago, buying 19,972.8 ETH at an average price of $1,740. Currently, its address holds a position of 50,000 ETH with a liquidation price of $1,586.8. Over a month ago, this whale address previously sold 30,894 ETH at $1,790 due to ETH's decline to avoid position liquidation, incurring a loss of $40 million.
A whale went long on Ethereum through a revolving loan, with an average price of $1,740
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