On-chain Liquidation Whale Added to Leverage Position Four Months Ago, Previously Dormant for 5 Years

BlockBeats News, June 5th, on-chain analyst Ai Whale (@ai_9684xtpa) provided further information on the previously reported on-chain liquidation-bound whale as follows:

This whale has been dormant for a full five years and awakened four months ago to start leveraged longing ETH (coinciding with Elon Musk's liquidation, where the address chose to buy the dip). Currently, the two addresses have collectively collateralized 104,772.57 WETH to borrow 135 million USDT. The liquidation prices are $1,555.04 and $1,565.72, meaning a further drop of $35 would trigger liquidation.