A leveraged long WBTC whale continued to borrow 8.7 million USDT to buy WBTC 8 hours ago
According to Jinse, on-chain analyst Yu Jin monitored that a whale leveraging a loop loan to long WBTC continued to borrow 8.7 million USDT to purchase WBTC 8 hours ago. He currently holds a total of 400.9 WBTC (38 million USD) with an average cost of 89,881 USD. Of these, 253.9 WBTC were purchased with 23.9 million USDT borrowed from Aave through circular lending in the past three days. The health rate of his leveraged loan position is now at 1.18, with a liquidation price corresponding to 80,545 USD.
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