TechFlow news, April 23: According to monitoring by analyst Yujin, a whale who has been long on ETH via circular loans has again increased leverage to build a position. Two hours ago, it borrowed 34.75 million USDT through Aave and purchased 19,972.8 ETH at an average price of $1,740.
Notably, last month this address sold 30,894 ETH at $1,790 to stop losses due to falling ETH prices, incurring a loss of approximately $40 million. The newly leveraged position of 50,000 ETH now faces liquidation risk, with a liquidation price at $1,586.8. If ETH corrects sharply again, it may repeat the same outcome.
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