Data: A whale bought 1,390 ETH at an average price of $4,000 to use as collateral for a long position on the ETH/BTC exchange rate
According to ChainCatcher, as monitored by Lookonchain, when ETH broke through $4,000, whale 0xaf6c just bought 1,390 WETH at a price of $4,000 each (worth $5.56 million).
He then deposited these 1,390 WETH into Aave, borrowed 52.83 WBTC (worth $6.17 million) from Aave, and swapped them for 1,539 WETH (worth $6.17 million).
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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