This whale isn’t backing away from his $ETH bet just yet.
Around 8 hours ago, he withdrew another 4,000 ETH worth roughly $9.39M from Binance, deposited it into Aave as collateral, and borrowed an additional $6M in USDT. That brings his current Aave position to: ETH collateral: 22,504.52 ETH, Borrowed: $31.02M, Health factor: 1.41 and average long entry: $2,503.86 .
But there’s a downside. Since September 29, he has withdrawn a total of 16,549.9 ETH from #Binance , and that position is reportedly sitting on an unrealized loss of around $2.477M.
He’s still adding collateral and borrowing more to maintain his bullish exposure. With a health factor of 1.41, though, a further drop in ETH could put the position under pressure.
Address: 0xdeA611a2f605FE63962E0151e724E9ce4C8a1d5c
Around 8 hours ago, he withdrew another 4,000 ETH worth roughly $9.39M from Binance, deposited it into Aave as collateral, and borrowed an additional $6M in USDT. That brings his current Aave position to: ETH collateral: 22,504.52 ETH, Borrowed: $31.02M, Health factor: 1.41 and average long entry: $2,503.86 .
But there’s a downside. Since September 29, he has withdrawn a total of 16,549.9 ETH from #Binance , and that position is reportedly sitting on an unrealized loss of around $2.477M.
He’s still adding collateral and borrowing more to maintain his bullish exposure. With a health factor of 1.41, though, a further drop in ETH could put the position under pressure.
Address: 0xdeA611a2f605FE63962E0151e724E9ce4C8a1d5c
