A whale borrowed 100 million USDT to leverage its ETH position, and is currently experiencing an unrealized loss of approximately $6 million.

BlockBeats News, June 6th, according to on-chain analyst Welson, during the ETH downturn, a certain whale continued to accumulate and leveraged to buy more ETH through Aave. Since yesterday, the whale has borrowed a total of 100 million USDT from Aave and purchased 59,742 ETH, with an average purchase price of around $1,681. Based on the current price, this position is currently at a loss of approximately $6 million.

Currently, the whale holds a total of 133,800 ETH, valued at around $212 million. The liquidation prices for its two leveraged positions are $1,356 and $1,170, respectively. If ETH continues to drop, these leveraged positions will still face liquidation risks.