According to on-chain analyst Ember monitoring, whales that are long on WBTC through circular lending leverage continued to borrow 8.70 million USDT to buy into WBTC 8 hours ago.
He now holds a total of 400.9 WBTC ($38M) at an average cost of $89,881. Of these 253.9 he borrowed from Aave 23.90 million USDT in the last 3 days through a revolving loan.
His leveraged loan position is now healthy at 1.18, corresponding to a liquidation price of $80,545.
A lever long WBTC whale 8 hours ago continue to borrow 8.70 million USDT buy WBTC
2025-04-26 00:59:21
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