A whale borrowed cryptocurrency to go long on WBTC, establishing a position worth $25.75 million in WBTC.

PANews reported on November 23 that, according to on-chain analyst Ai Yi, a whale at address 0xaFA...f7731 borrowed 150 WBTC from Binance three hours ago, pledged it to Aave, and then borrowed 6 million USDC, seemingly to buy another 150 WBTC. Currently, the whale has a total holding of $25.75 million worth of WBTC, with an average long position price of $85,376.5.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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