TechFlow reports, according to on-chain data analyst Yujin's monitoring, three hours ago a whale used leverage to go long on ETH: the whale first swapped 11,000 ETH (worth $18.18 million) for 9,671 wstETH, then deposited the wstETH as collateral to borrow 5.5 million USDT and 170 WBTC (worth $4.44 million). Subsequently, the borrowed USDT and WBTC were exchanged for 5,256 wstETH (worth $9.9 million).
The whale currently holds 14,948 wstETH, with an ETH liquidation price of $800.
In addition, this whale was one of the drivers behind LINK's rally on July 20, when they used two addresses to spend 3,145 stETH (approximately $6.01 million) to purchase 788,877 LINK at an average price of $7.62. The position remains unexited, currently showing an unrealized loss of $1.3 million.
