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An address that leveraged a crypto-backed loan to go long on BTC has once again borrowed $8.7 million or bought more BTC.

2025-04-26 09:01

BlockBeats News, April 26th, according to on-chain data analyst Yu Jin's monitoring, a "whale that went long on WBTC through leverage borrowing" borrowed an additional 8.7 million USDT to purchase more WBTC.


The address now holds a total of 400.9 WBTC (approximately $38 million), with an average cost of $89,881. Among them, 253.9 WBTC were purchased in the last 3 days through a leverage borrowing of 23.9 million USDT from Aave.


Currently, the health factor of the address's leveraged position is at 1.18, with a liquidation price at $80,545.

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