Data: Bhutan Sovereign Wealth Fund Druk Holdings leverages long positions on ETH through Aave

According to market news, Emmett Gallic cited Arkham data stating that addresses associated with the Bhutan sovereign wealth fund Druk Holdings appear to be engaging in leveraged long positions: withdrawing 42,000 ETH and 54 million USDT from Binance, converting USDT to ETH, depositing it into Aave, and borrowing 275 million USDT for further purchases of ETH.

Currently, the leveraged position is approximately 117,000 ETH, valued at around 459 million USD.