According to analyst Ember monitoring, a giant whale that is long ETH in the form of circular loans has once again increased its leverage to build a position. It lent 34.75 million USDT through Aave 2 hours ago and bought 19,972.8 ETH at an average price of $1,740. It is worth noting that the address sold 30,894 ETH stops at $1790 last month due to the decline of ETH, losing about $40 million. The current 50,000 ETH positions after new leverage are at risk of liquidation, and the liquidation price is $1586.8. If ETH pulls back sharply again, it may repeat the same mistakes.
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