PANews reported on April 23 that according to on-chain analyst Yu Jin's monitoring, a whale used a circular loan to go long on ETH, borrowing 34.75 million USDT from Aave 2 hours ago, and purchasing 19,972.8 ETH at an average price of $1,740. Last month, this address sold 30,894 ETH at a loss of approximately $40 million when ETH dropped, closing the position at $1,790. After adding new leverage, the liquidation price for the 50,000 ETH is now $1,586.8.
A whale who long on ETH through a revolving loan increased his ETH position again, with the liquidation price at about $1,586
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