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Whale Buys 1,390 ETH at an Average Price of $4,000 and Uses it as Collateral to Go Long on ETH/BTC Exchange Rate

Summary: According to reports from Lookonchain, a whale with the address 0xaf6c recently bought 1,390 WETH at a price of $4,000 each (totaling $5.56 million) when ETH surpassed $4,000. Subsequently, the whale deposited these 1,390 WETH into Aave, borrowed 52.83 WBTC ($6.17 million) from Aave, and exchanged it for 1,539 WETH ($6.17 million).

According to reports from Lookonchain, a whale with the address 0xaf6c recently bought 1,390 WETH at a price of $4,000 each (totaling $5.56 million) when ETH surpassed $4,000. Subsequently, the whale deposited these 1,390 WETH into Aave, borrowed 52.83 WBTC ($6.17 million) from Aave, and exchanged it for 1,539 WETH ($6.17 million).

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