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Whale Initiates Fifth Leveraged Long Position on ETH | Flash News Detail | Blockchain.News
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8/23/2024 11:59:25 AM

Whale Initiates Fifth Leveraged Long Position on ETH

Whale Initiates Fifth Leveraged Long Position on ETH

According to EmberCN, a whale who has successfully leveraged long positions on Ethereum (ETH) four times since October last year has initiated a fifth leveraged long position two hours ago. The whale withdrew 250 BTCB (worth $15.21M) from Binance as collateral to borrow $10M on Venus, purchasing 3727.7 ETH. The ETH was then used to borrow an additional $7M, which was deposited back into Binance, likely to be used to buy more ETH. The whale's previous four leveraged long positions have all been profitable.

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余烬

@EmberCN

Analyst about On-chain Analysis