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TechFlow reports, according to on-chain analyst Yujin's monitoring, that a whale borrowed 53 million USDT through two addresses in a looped lending transaction on December 14, using the funds to purchase 23,635 ETH at a price of $2,242. Three hours ago, the whale sold 14,402 ETH (approximately $32.28 million) at $2,242 and repaid the loan. The whale has now completed this leveraged long position on ETH, resulting in a final loss of $330,000.
According to on-chain analyst Eunice, a whale borrowed 53 million USDT across two addresses on December 14, using circular lending to purchase 23,635 ETH at a price of $2,242. Three hours ago, the whale sold 14,402 ETH (approximately $32.28 million) at $2,242 and repaid the loan. In total, this leveraged long position on ETH has now been closed, resulting in a final loss of $330,000.
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