Loan Shark Engages in ETH Long Squeeze, Unloading 20,599 ETH to Repay Loan

BlockBeats News, December 18th, according to LookIntoChain monitoring, Whale 0xa339, holding a long ETH position through a leveraged borrowing strategy, sold 20,599 ETH at a price of $2,869 per coin over the past 2 days (worth $59.1 million) to repay the loan.

They still hold 30,000 ETH on Aave ($85.2 million) and have an outstanding debt of $15.7 million.