Whale Takes Flash Loan of 34.75 Million USDT to Acquire 19,972.8 ETH Amid Market Shifts

ETH

ETH/USDT

$2,693.01

+0.06%

$2,693.01

+0.06%

(24s)

24h Volume

$12,084,219,457.03

24h H/L

$2,743.00 / $2,667.33

Change: $75.67 (2.84%)

Long/Short

60.8%

Long: 60.8%Short: 39.2%

Funding Rate

+0.0006%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,693.64

▲ 0.21%

Volume (24h): -

Resistance Levels

Resistance 3$3,305.55

Resistance 2$3,143.74

Resistance 1$2,729.32

Price$2,693.64

Support 1$2,677.49

Support 2$2,559.01

Support 3$2,434.13

Pivot (PP):$2,664.73

Trend:Uptrend

RSI (14):63.8

According to COINOTAG News on April 23rd, an analysis by EmberCN has revealed a significant transaction involving a crypto whale. The entity secured a flash loan of 34.75 million USDT from Aave to acquire 19,972.8 ETH at an average price of $1,740. This strategic move has increased the whale’s holdings to a substantial 50,000 ETH, which currently has a liquidation threshold set at $1,586.8.

It is noteworthy that the whale had previously liquidated 30,894 ETH at a loss of $40 million over a month ago as a risk management strategy, selling at a price of $1,790. This recent activity underscores the volatility of the cryptocurrency market and highlights the necessity for sound financial planning and risk assessment in trading practices.

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