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A whale has borrowed 10.2 million USDT through Aave and used it to increase its holding of 109.2 WBTC.

A whale has borrowed 10.2 million USDT through Aave and used it to increase its holding of 109.2 WBTC.

2025-04-23 17:39

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ChainThink reports: According to Chainalysis analyst Yu Jin, a whale address borrowed 10.2 million USDT through the Aave protocol's revolving loan mechanism, and purchased 109.2 wrapped Bitcoin (WBTC) at a price of 93,331 USD. The address currently holds a total of 256.2 WBTC, valued at approximately 24.12 million USD, with an average cost basis of 87,162 USD. The current health rate of this position is 1.14, and the liquidation price is 82,457 USD.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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