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A whale has lost $130,000 by going long on ETH in Aave in the past 4 hours

CointimeCointime2024/08/27 15:45
By:Cointime

According to Chain analysis by @ai_9684xtpa, a whale decided to go long during the ETH downtrend in the past four hours and has used leverage to buy 2,738 ETH worth $7.21 million. Currently, the whale holds 2,738 ETH as collateral in Aave and has borrowed 4.6 million USDC with a health factor of 1.28. Due to the ongoing ETH downtrend, the whale is currently facing a loss of $130,000 with a liquidation price of $2,023.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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