A whale once again went long on ETH with high leverage, with the liquidation price approaching $1,586

Odaily News According to monitoring by Ember, a whale who was long ETH through revolving loans has leveraged his position again. He borrowed 34.75 million USDT through Aave 2 hours ago and purchased 19,972.8 ETH at an average price of $1,740.
It is worth noting that the address sold 30,894 ETH at $1,790 last month due to the decline of ETH, resulting in a loss of about $40 million. The current newly leveraged 50,000 ETH position is facing liquidation risk, with a liquidation price of $1,586.8. If ETH falls sharply again, it may repeat the same mistake.