Huo Xing Finance reports, according to on-chain analyst Yujin, a large whale continued to buy ETH at 1:00 PM when the price dropped to $1,505, acquiring 28 million USDT worth of ETH. Over the past day and a half, this whale borrowed $128 million to purchase 78,000 ETH at an average price of $1,645, achieving a leverage ratio of 3x. The liquidation prices for its two borrowing positions are currently $1,356 and $1,280, respectively.
Whale borrows $128M at 3x leverage to buy 78,000 ETH, with liquidation prices set at $1,356 and $1,280.
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Summary
Whale trading activity intensified as a major ETH buyer borrowed $128 million at 3x leverage to purchase 78,000 ETH at $1,645. The whale deployed $28 million in USDT over one and a half days, with liquidation prices set at $1,356 and $1,280. Traders are closely monitoring these levels for potential support and resistance. The move underscores ongoing ETH accumulation amid shifting market conditions.
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