PANews reported on February 2nd that, according to on-chain analyst Yu Jin, a whale/institution that had been dormant for five years made a long position on ETH in the early hours of today: it pledged 44,500 ETH (US$102 million) and borrowed 70 million USDT to buy 30,222 ETH at a price of US$2,316. The whale's pledged ETH was withdrawn from Bitfinex five years ago when the ETH price was US$1,354. The current profit is US$42.57 million.
A whale, dormant for 5 years, went long on ETH using a crypto-based strategy: it pledged 44,500 ETH to borrow 70 million USDT and bought ETH.
Share to:
Author: PA一线
This content is for informational purposes only and does not constitute investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
