A whale is repeatedly borrowing to go long on WBTC, with an average price of $85,376.5
According to ChainCatcher, on-chain analyst Ai Aunt (@ai 9684xtpa) monitored that a whale investor (wallet address 0xaFA...f7731) withdrew 150 WBTC from an exchange today, then staked them on the Aave platform and borrowed 6 million USDC, suspected to have bought another 150 WBTC. Currently, this investor has accumulated a long position in WBTC worth 25.75 million US dollars, with an average long entry price of 85,376.5 US dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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