Whale Address Adds 1930 ETH Amid Market Downturn: Analyzing the 8613 ETH Long Position

On May 17th, **COINOTAG News** reported significant movements from a prominent **whale address**, closely monitored by on-chain analyst @ai_9684xtpa. This address recently took a calculated step by borrowing an additional **$5 million USDT** to acquire **1,930 ETH** despite the prevailing market downturn. Currently, this address holds a total of **10,543 ETH** as collateral and has accrued a total borrowing of **$15 million USDT**. The average long position stands at approximately **$2,608.36**, placing the entity in a precarious situation with an unrealized loss nearing **$1.383 million**. Such strategic investments during market volatility exemplify the intricate tactics employed by large stakeholders in the **cryptocurrency** landscape, as they seek to leverage opportunities amidst fluctuating prices.