Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
The whale who profited over 20 million dollars through leverage trading is going long on ETH again

The whale who profited over 20 million dollars through leverage trading is going long on ETH again

2023/12/14 02:04

According to Twitter Analyst @EmberC, a whale who made a profit of 20.8 million USD from leveraged long positions in ETH and LINK a few days ago, started leveraging long on ETH again 9 hours ago: using 33,213 ETH (approximately 75.05 million USD) as collateral through revolving loans to borrow 53 million USDT to buy 23,635 ETH at an average price of $2242 per unit. This whale first bought 1,253,989 LINK between July 20th and October 8th at an average price of $7.62 each and sold them on December 7th at an average price of $14.95 each realizing approximately $9.2 million in profits (a growth rate of about 96%). Then between October17th and December7th this investor used another batch of Ethereum - specifically,20,016ETH - as collateral for revolving loans totaling31 .19millionUSDT , which was then used to purchase17 ,530ETH at anaveragepriceof$1779each . OnDecember9 th theinvestorsold20 ,941ETH atanaveragepriceof$2333each(totalvaluearound48 .86millionUSD), makingaprofitofabout11 .6millionUSD(a growthrateof31% ).

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!