TechFlow news, on August 23, according to Embers' monitoring, a whale investor recently initiated their fifth round of leveraged long positions on ETH. The investor withdrew 250 BTCB worth $15.21 million from Binance as collateral, borrowed 10 million USDT via the Venus platform to purchase 3,727.7 ETH. Subsequently, the investor re-pledged these ETH to borrow another 7 million USDT, which was deposited back into Binance, expected to be used for further ETH purchases.
Since October 2023, this investor has completed four similar rounds of operations, all profitable, accumulating gains totaling $13.81 million. The details are as follows:
October–November 2023: bought 12,048 ETH at an average price of $1,701, sold at $1,943, realizing a profit of $2.92 million;
November 2023 – January 2024: bought 12,665 ETH at an average price of $1,990, sold at $2,224, realizing a profit of $2.96 million;
January 2024: bought 12,219 ETH at an average price of $2,366, sold at $2,548, realizing a profit of $2.23 million;
February–March 2024: bought 13,690 ETH at an average price of $2,743, sold at $3,160, realizing a profit of $5.70 million.
