An address is leveraging long ETH through Compound, now with a $7.23 million profit!

According to chain analyst Auntie AI, an address starting with 0xb82 is leveraging long ETH through Compound and has now made a $7.23 million profit, TechFlow said.

Between February 9th and February 27th, the address deposited ETH into Compound as margin and lent out 1.65 million USDT and 5.03 million USDC, then repeated the operation of "replenish stablecoins to the exchange > transfer out ETH plus margin > continue to lend stablecoins", with a health degree of 1.27," said Auntie AI, a chain analyst at Compound.

At present, a total of 11,720 ETH (worth $38.08 million) have been transferred from Binance, with an average transfer cost of $2,638; when ETH falls to $2,553, the address will be liquidated.