The Whale buying ETH at $4,396.5 with leverage is currently "Cut Loss" to drop leverage in order to avoid liquidation.

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On October 12, according to AI monitoring, a Whale Address that borrowed coins on September 9 at an average price of 4,396.5 USD to buy ETH has cut loss of 3,443 ETH at an average price of 3,754 USD in the past 6 hours, valued at 12.92 million USD, incurring a loss of 2.212 million USD. The remaining portion of ETH built on the same day is still showing unrealized losses of 3.122 million USD. Currently, this address has collateralized 13,000 ETH on Aave and borrowed 34.19 million USD in stablecoins, with a health factor of 1.2. If ETH continues to fall, it will still need to keep "cutting loss" to reduce leverage.

ETH0.34%
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