A giant whale with a 21% loss on LINK is doing long ETH through leverage

Odaily Planet Daily News According to the monitoring of Ember, an analyst on the chain, a giant whale used leverage to do long ETH more than 3 hours ago. It first exchanged 11,000 ETH (approximately 18.18 million US dollars) for 9671 wstETH, and then mortgaged wstETH to borrow 5.5 million USDT and 1.70 WBTC (about 4.44 million U.S. dollars) were issued, and then the loaned USDT and WBTC were exchanged for 5,256 wstETH (about 9.9 million U.S. dollars). Currently, the giant whale holds 14,948 wstETH ($28.12 million, 17,014 ETH), and the collateral (ETH) liquidation price is $800. In addition, the giant whale spent 3,145 stETH (approximately US$6.01 million) to buy 788,877 LINK through 2 addresses on July 20, with an average price of US$7.62. It has not been sold yet, with a floating loss of US$1.3 million (-21%).