The whale who long on WBTC through a revolving loan borrowed 8.7 million USDT 8 hours ago to buy Bitcoin

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According to , based on Yujin monitoring, the "whale long WBTC through circular lending leverage" continued to borrow 8.7 million USDT 8 hours ago to purchase WBTC. The address currently holds 400.9 WBTC, valued at approximately $38 million, with an average cost of $89,881. Among these, 253.9 WBTC were purchased by borrowing 23.9 million USDT from Aave through circular lending in the past 3 days. Currently, the leverage lending position health rate of this address is 1.18, with a corresponding liquidation price of $80,545.

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