$ETH Whale Holds Through $6 Million Loss, Accumulates 21,850 ETH To Collateralize For USDT Loan

From 05/12 to 15/12 records aggressive accumulation, albeit currently at a temporary loss, by a large investor regarding Ethereum.

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🔸 This whale withdrew a total of 21,850.15 ETH worth approximately $70.6 million from exchanges to private wallets. Average Entry Price estimated at around $3,231/ETH.

🔸 With the current ETH price below the entry price, this whale is suffering an unrealized loss of about $6.246 million.

🔸Today, this wallet continued to withdraw another 2,000 ETH $5.84 million, indicating the accumulation process is not over.

🔸 This ETH is not sitting idle. In the main wallet, this investor is applying an onchain leverage strategy deposited 18,706.9 ETH as Collateral. Borrowed 31.34 million USDT. Health Rate currently at 1.41. This is a moderately safe level.

🔸 Accepting a floating loss of over $6 million while continuing to withdraw demonstrates massive Long term Conviction in Ethereum recovery.

Have you ever used coins as collateral to borrow Stablecoins to buy more coins during a dip?

News is for reference, not investment advice. Please read carefully before making a decision.