An address that long on BTC through a revolving loan borrowed another $8.7 million or bought BTC

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MarsBit
04-26
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Mars Finance News, on April 26, according to on-chain data analyst Yu Jin's monitoring, a "whale who used circular lending leverage to long WBTC" continued to borrow 8.7 million USDT to purchase WBTC 8 hours ago. The address currently holds a total of 400.9 WBTC (approximately $38 million), with an average cost of $89,881. Among these, 253.9 WBTC were purchased through circular lending from Aave by borrowing 23.9 million USDT 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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