Whale 58bro.eth builds $18.74M ETH long via Aave loop
- —Whale withdrew 3,000 ETH from Binance and deposited it into Aave
- —Borrowed 9 million USDT against the collateral to buy more ETH
- —Total long position is about 7,000 ETH, worth $18.74 million
- —Average entry price is $2,677.59
Why it matters: Large leveraged longs via Aave raise the risk of cascading liquidations if ETH falls below the entry price.
Source: PANews