According to on-chain analyst Ember, a large whale borrowed 100 million USDT via Aave during ETH’s decline to purchase 59,700 ETH at an average entry price of approximately $1,681. At current prices, this position is now underwater by approximately $6 million. The whale currently holds 133,800 ETH, valued at around $212 million, with two loan positions having liquidation prices of $1,356 and $1,170, respectively. If ETH continues to decline, these leveraged positions remain at risk of liquidation.
Whale borrows 100M USDT to increase ETH position, faces $6M loss and liquidation risk
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Summary
A whale borrowed 100 million USDT via Aave during the ETH price decline to purchase 59,700 ETH at approximately $1,681 each. The position now shows a $6 million loss. The whale holds 133,800 ETH, valued at $212 million, with two loan positions having liquidation prices of $1,356 and $1,170. ETH analysis suggests further price declines could trigger liquidation.
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