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Data: A Giant Whale Used Leverage To Do Long ETH 3 Hours Ago

Data analyst Yu Jin reported that a whale used leverage to go long on ETH about 3 hours ago: the whale first exchanged 11,000 ETH ($18.18 million) for 9,671 wstETH, then used the wstETH as collateral to borrow 5.5 million USDT + 170 WBTC ($4.44 million). The borrowed USDT and WBTC were then used to buy 5,256 wstETH ($9.9 million). Currently, the whale holds 14,948 wstETH ($28.12 million, 17,014 ETH), with the liquidation price of the ETH collateral being $800. In addition, the whale was also one of the drivers behind the LINK price increase on July 20th.

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