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A whale swapped BTC cross-chain for ETH and then used loop lending leverage to go long on 25,400 ETH ($5245 thousand ), with a liquidation price at $1,705:
Yesterday, he swapped 240.44 BTC cross-chain for 8,151 ETH ($1550 thousand ). Today, two hours ago, he deposited these ETH into Aave as collateral, then borrowed 36 million USDT through loop lending to buy 17,283 ETH.
His average purchase cost for ETH is $2,025, and the liquidation price for this leveraged position is $1,705.
$ETH