Whale Investor: Buying the Dip, $6M Unrealized Loss, Beware of Leverage Risks

This whale is all about 'Be greedy when others are fearful': buying more as prices drop, and even using leverage to do so. Since yesterday, he borrowed 100M USDT from Aave to purchase 59,742 ETH at $1,681 each. Well, he's already sitting on an unrealized loss of $6M . Currently holding 133,800 ETH ($212M), let's just hope he takes it easy and doesn't keep adding to his position—wouldn't want that leverage to get liquidated . His two borrowing positions have liquidation prices of $1,356 and $1,170, which aren't too far off. Addresses: https://((debank.com))/profile/0x2bd72f8fb377337c9cc16da4dd2dd274537ffb82 https://((debank.com))/profile/0xc70ad21c69cbf3631637f2796a42e94c42013810 -------------------------------------------------------------------------- Bitget: Join and you're VIP! Crypto, US stocks, CFDs—global opportunities all in one place.