The whale of frequent revolving loans leveraged long ETH re-enters: can it break the 75% loss rate of the last 2 months?
A whale that has been long ETH four times in the past 2 months via revolving credit leverage with a loss of $2.8M, a 25% win rate (3 losses and 1 gain), has re-entered the market after the ETH price rebounded today: an hour ago, he deposited 3400 ETH ($10.5M) into Compound from CEX, then borrowed 7M USDT to transfer it to CoinSecure and buy it for 2283.6M USDT. He deposited ETH into Compound and continued to lend USDT to start a revolving loan. His previous four rounds of revolving loans leveraged long ETH details: Disclaimer: Includes third-party opinions. No financial advice. See Risk Warning.
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