| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107249.4700000000 |
| ETH | $2427.3230000000 |
| BNB | $645.9091600000 |
| XRP | $2.1950850000 |
| ADA | $0.5598901000 |
| SOL | $147.0368000000 |
| DOGE | $N/A |
| DOT | $3.3576800000 |
| LTC | $85.7900000000 |
| LINK | $13.1716000000 |
Category: CRYPTO NEWS
The post Whale Expands WBTC Holdings with $8.7 Million Leverage Borrowing, Totaling $38 Million appeared on BitcoinEthereumNews.com. COINOTAG News reports that on April 26th, on-chain data analyst Yu Jin observed a significant movement in the crypto market. A notable **whale** has strategically utilized **leverage borrowing** to accumulate an additional **8.7 million USDT** to enhance their position in **Wrapped Bitcoin (WBTC)**. This address now commands a total of **400.9 WBTC**, valued at approximately **$38 million**, with an average acquisition cost of **$89,881**. In a remarkable show of confidence, **253.9 WBTC** were acquired in just the last three days, facilitated by a **leverage position** of **23.9 million USDT** sourced from **Aave**. Presently, the **health factor** of this leveraged position stands at **1.18**, indicating cautious optimism, while the liquidation price is set at **$80,545**, a critical threshold that investors will be closely monitoring as market dynamics evolve. Source: https://en.coinotag.com/breakingnews/whale-expands-wbtc-holdings-with-8-7-million-leverage-borrowing-totaling-38-million/
2025-04-26T02:39:10+00:00