Data: A certain whale borrowed 34.75 million USDT from Aave 2 hours ago to buy nearly 20,000 ETH

According to ChainCatcher news and analyst Yu Jin's monitoring, a certain whale has once again leveraged its position to go long on ETH through a circular loan. Two hours ago, it borrowed 34.75 million USDT via Aave and purchased 19,972.8 ETH at an average price of 1,740 USD.

It is worth noting that this address sold 30,894 ETH at 1,790 USD last month to stop losses due to the decline in ETH, incurring a loss of about 40 million USD. The current position of 50,000 ETH after the new leverage faces liquidation risk, with a liquidation price of 1,586.8 USD. If ETH experiences another significant pullback, it may repeat the previous scenario.