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ETH increased sharply after good news from the 75% probability of ETH ETF being approved.
Jrf.eth borrowed another 100 $WBTC ($7.1M) from Aave V3.
Raise the total amount of $WBTC borrowed in less than 10 hours to 350 $WBTC ($25M)
Not long after that, they continued to use the $WBTC borrowed above to swap (buy) 6.8k $ETH ($25M) at an average price of $3k6.
So, the last time I bought $35M ETH and mortgaged it at the price of $2k9, I currently borrowed more than 85% of the above mortgage.
Loan value has reached $195M $WBTC from 141k mortgage $ETH ($520M) after continuously using loop:
Borrow WBTC -> swap WBTC to ETH -> swap ETH to wstETH-> deposit wstETH into Aave V3 as collateral to continue borrowing WBTC.
This has resulted in the health rate being at 2.25. Rarely do we see them have a sizable loan with a health rate approaching level 2.
With the above health rate loop, we can understand that they continue to DCA long position $ETH with low leverage compared to the general level but quite high compared to themselves in the past.
#wBTC
Jrf.eth borrowed another 100 $WBTC ($7.1M) from Aave V3.
Raise the total amount of $WBTC borrowed in less than 10 hours to 350 $WBTC ($25M)
Not long after that, they continued to use the $WBTC borrowed above to swap (buy) 6.8k $ETH ($25M) at an average price of $3k6.
So, the last time I bought $35M ETH and mortgaged it at the price of $2k9, I currently borrowed more than 85% of the above mortgage.
Loan value has reached $195M $WBTC from 141k mortgage $ETH ($520M) after continuously using loop:
Borrow WBTC -> swap WBTC to ETH -> swap ETH to wstETH-> deposit wstETH into Aave V3 as collateral to continue borrowing WBTC.
This has resulted in the health rate being at 2.25. Rarely do we see them have a sizable loan with a health rate approaching level 2.
With the above health rate loop, we can understand that they continue to DCA long position $ETH with low leverage compared to the general level but quite high compared to themselves in the past.
#wBTC