A Whale Once Again Leverages to Buy the Dip, Acquiring $28 Million Worth of ETH, Increasing Overall Leverage to 3x

BlockBeats News, June 6th. According to EmberCN, when ETH dropped to $1505 at 1 pm today, a whale continued to increase its position, spending 28 million USDT to buy ETH.

In the past day and a half, the address has borrowed a total of $128 million USDT to purchase 78,060 ETH at an average price of around $1645, with the current overall leverage ratio at about 3x.

Data shows that this whale currently holds two lending positions, with respective liquidation prices of around $1356 and $1280. As the position size continues to grow, the liquidation risk it faces also increases.