A whale is long ETH in a cycle, and has built a position of 2304.3 stETH in the past 2 hours
according to on-chain analyst AI Yi (@ai_9684xtpa), the whale address 0x1f7...7a9b8 is currently in a loop of longing ETH. In the past 2 hours, they have built a position of 2304.3 stETH worth $5.78 million USD at a cost of $2510 USD by "buying stETH > depositing into Compound for collateral to borrow USDC > continuing to buy". Currently, they have collateralized 3503.23 stETH and borrowed 7.03 million USDC with 10 WBTC, with a health factor of 1.22.
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.
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