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Data: A whale borrowed 8.7 million USDT via a loop loan 8 hours ago to purchase Bitcoin
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According to ChainCatcher, monitored by Ashes, a "whale using loop loan leverage to go long on WBTC" borrowed an additional 8.7 million USDT to purchase WBTC 8 hours ago. The address currently holds a total of 400.9 WBTC, valued at approximately 38 million USD, with an average cost of 89,881 USD. Out of these, 253.9 WBTC were purchased using 23.9 million USDT borrowed from Aave via loop loans within the last 3 days. The leverage position's health rate is 1.18, with a liquidation price of 80,545 USD.
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