PANews, June 6: According to on-chain analyst Yujin, a large whale continued to buy ETH at 1:00 PM, when ETH 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 the two borrowing positions are currently $1,356 and $1,280, respectively.
Whale borrows $128M to purchase 78,000 ETH in 1.5 days
PANewsShare
Summary
Whale activity saw a major move as a large holder borrowed $128 million over 1.5 days to purchase 78,000 ETH at $1,645. The purchase occurred as ETH dropped to $1,505, with the whale employing 3x leverage. Two leveraged positions are now at risk of liquidation at $1,356 and $1,280. Given current ETH price action, the risk-to-reward ratio appears elevated.
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