The whale who profited over 20 million dollars through leverage trading is going long on ETH again
According to Twitter Analyst @EmberC, a whale who made a profit of 20.8 million USD from leveraged long positions in ETH and LINK a few days ago, started leveraging long on ETH again 9 hours ago: using 33,213 ETH (approximately 75.05 million USD) as collateral through revolving loans to borrow 53 million USDT to buy 23,635 ETH at an average price of $2242 per unit. This whale first bought 1,253,989 LINK between July 20th and October 8th at an average price of $7.62 each and sold them on December 7th at an average price of $14.95 each realizing approximately $9.2 million in profits (a growth rate of about 96%). Then between October17th and December7th this investor used another batch of Ethereum - specifically,20,016ETH - as collateral for revolving loans totaling31 .19millionUSDT , which was then used to purchase17 ,530ETH at anaveragepriceof$1779each . OnDecember9 th theinvestorsold20 ,941ETH atanaveragepriceof$2333each(totalvaluearound48 .86millionUSD), makingaprofitofabout11 .6millionUSD(a growthrateof31% ).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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