A certain whale has borrowed $11.8 million in stablecoins since August 11 to purchase 4,459 ETH.
On August 13, according to Lookonchain monitoring, the whale that was liquidated 2,890 wstETH (USD 8.06 million) during the market crash on August 5 has started to buy and long ETH again.
Since August 11, this whale has borrowed 6.6 million Dai, 2.7 million USDT, and 2.5 million USDC, and purchased 4,459 ETH (USD 11.8 million) at an average price of USD 2,646.
