A whale who was long with a revolving loan borrowed 8.7 million USDT 8 hours ago to buy BTC

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PANews
04-26
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PANews reported on April 26 that according to on-chain analyst Yu Jin's monitoring, the "whale long WBTC through cyclic loan leverage" continued to borrow 8.7 million USDT 8 hours ago to purchase WBTC. The address currently holds 400.9 WBTC (worth 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 cyclic loans in the past 3 days. Currently, the address's leveraged lending position health rate is 1.18, with a corresponding liquidation price of $80,545.

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