The whale of frequent revolving loans leveraged long ETH re-enters: can it break the 75% loss rate of the last 2 months?
A whale that has been long ETH four times in the past 2 months via revolving credit leverage with a loss of $2.8M, a 25% win rate (3 losses and 1 gain), has re-entered the market after the ETH price rebounded today: an hour ago, he deposited 3400 ETH ($10.5M) into Compound from CEX, then borrowed 7M USDT to transfer it to CoinSecure and buy it for 2283.6M USDT. He deposited ETH into Compound and continued to lend USDT to start a revolving loan. His previous four rounds of revolving loans leveraged long ETH details: 👇 1⃣ borrowed 13.57 million U to buy 3875.5 ETH at the price of $3503, sold at the price of $3454, a loss of $0.19M; 2⃣ borrowed 20.69 million U to buy 5900 ETH at the price of $3507, sold at the price of $3,056, a loss of $2.66M; 3⃣ borrowed 28.11 million U to buy $3162, a loss of $2.66M. U bought 8892 ETH at $3162 and sold it at $3200 for a profit of $0.34M; 4⃣ Borrowed 17M U bought 5414 ETH at $3140 and sold it at $3087 for a loss of $0.28M. Now he has opened the fifth round of revolving loan leverage to go long on ETH, do you think he can win this time? 🤔
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