A certain whale withdrew 2,426 ETH from CEX via a revolving loan method an hour ago

According to on-chain analyst EmberCN, a whale has bought 11,719 ETH ($37.73 million) through a cycle loan method since February 9th. He withdrew 4,369 ETH from CEX as initial collateral on February 9th and then borrowed a total of $24.6 million U from Compound to buy ETH via the cycle loan method. His cost for ETH was $2,600 and he is currently making a floating profit of $7.27 million (+24%). An hour ago, he continued to withdraw 2,426ETH from CEX and deposited it into Compound before borrowing another $5 million USDT transferred into CEX; his cycle loan long position in ETH continues.