Whale borrows $128M to buy 78K ETH at 3x leverage

According to on-chain analyst EmberCN, a whale investor borrowed $128 million over the past day to purchase 78,060 ETH at an average price of $1,645. Even as ETH fell to $1,505 today, the investor added another 28 million USDT to the position. The position is now at approximately three times leverage, with liquidation prices for the two loans at $1,356 and $1,280. EmberCN noted that the whale has continued to increase its ETH purchases amid growing market fear.