Whale Recovers by Adding 1341 ETH to Leveraged Position Amid $13M Accumulation on Ethereum
The post Whale Recovers by Adding 1341 ETH to Leveraged Position Amid $13M Accumulation on Ethereum appeared on BitcoinEthereumNews.com.
On-chain data reveals a significant move by a prominent Ethereum whale, who recently expanded their leveraged position by acquiring an additional 1,341 ETH, valued at approximately $3.52 million. This follows a prior loss incurred on May 16th from a leveraged long of 8,613 ETH. Over the last five days, the investor has strategically accumulated a total of 5,002 ETH, representing an estimated $13.05 million in on-chain purchases, with an average entry price near $2,580 per ETH. Notably, the entirety of these assets has been deposited into Aave, a decentralized finance protocol, serving as collateral to facilitate borrowing of USDT stablecoins. This maneuver underscores a sophisticated approach to liquidity management and risk mitigation within the DeFi ecosystem, highlighting the growing interplay between leveraged positions and decentralized lending platforms in the current crypto market landscape. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range of coins. Join now! ‘, ‘ 💎 The Easiest Way to Invest in CryptoDont wait to get started. Click now and discover the advantages! ‘ ]; var adplace = document.getElementById(“ads-binance”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex; adplace.innerHTML = adscodesBinance[adsindex]; sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBinance”, sessperindex); } })(); Source: https://en.coinotag.com/breakingnews/whale-recovers-by-adding-1341-eth-to-leveraged-position-amid-13m-accumulation-on-ethereum/
Filed under: News - @ June 5, 2025 8:29 am