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A whale purchased 8,454.3 ETH in 18 hours through revolving loans

The whale who mainly plays with ETH's circular loan has accumulated a total of 8,454.3 ETH (26.34 million US dollars) through circular loans in the past 18 hours since last night at 10 o'clock, with an average price of about 3,079 US dollars, as monitored by on-chain analyst Yu Jin. Currently, the stablecoins he has lent out are worth 17.5 million USDT, and the loan-to-value ratio is 1.24 (his position will be liquidated when the ETH price reaches around 2,364 without increasing collateral).

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