A whale that has been repeatedly looping long ETH since late September has added another 9,000 ETH, according to on-chain analyst Ai Yi cited by ChainCatcher. The latest purchase lowered the wallet’s average long entry price to $2,553.31.
The address has supplied 18,500.54 WETH to Aave as collateral, worth about $45.53 million, and borrowed $25.01 million in stablecoins. Its health factor stands at 1.51.
Since Sept. 29, the whale has used this strategy to withdraw 12,549.9 ETH from Binance, with the holdings valued at $32.04 million. During that stretch, the address kept adding to the position as ETH moved from $2,736.47 down to $2,460.
A whale that has been looping long ETH since late September added another 9,000 ETH, according to on-chain analyst Ai Yi, as cited by ChainCatcher. The move brought the wallet’s average long entry price down to $2,553.31.
On-chain data shows the whale has deposited 18,500.54 WETH into Aave as collateral, worth $45.53 million, and borrowed $25.01 million in stablecoins. The position’s health factor is 1.51.
Since Sept. 29, the whale has used this approach to withdraw 12,549.9 ETH from Binance, valued at $32.04 million. Over that period, the address kept adding to the position from $2,736.47 down to $2,460.
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