A whale borrowed $128 million at 3x leverage to buy 78,000 ETH, with liquidation prices at $1,356 and $1,280 respectively

Odaily reports that according to on-chain analyst EmberCN's monitoring, a whale continued to increase their position by buying ETH worth 28 million USDT when ETH dropped to $1,505 at 1:00 PM. This whale borrowed $128 million to buy 78,000 ETH over a day and a half, at an average price of $1,645, with the leverage ratio already reaching 3x. Currently, the liquidation prices for their two borrowing positions are $1,356 and $1,280 respectively.