A whale borrowed 100 million USDT to increase their ETH position, currently facing an unrealized loss of approximately $6 million

According to monitoring by crypto analyst EmberCN (@EmberCN), a certain whale has borrowed 100 million USDT through Aave since yesterday and purchased 59,742 ETH at an average price of $1,681.

Currently, this address holds a total of 133,800 ETH, valued at approximately $212 million. Based on current prices, the newly purchased portion has incurred an unrealized loss of about $6 million.

On-chain data shows that the liquidation prices for this whale's two current lending positions are approximately $1,356 and $1,170, respectively.