A large “whale” has just increased its long position in ETH on AAVE to 1.42 billion USD, equivalent to about 444,900 ETH. This investor continues to buy aggressively, using the amount of ETH held as collateral to borrow about 467 million USD stablecoin.
Since the last update, this whale has purchased an additional approximately 200 million USD worth of ETH and fully added it to the position on AAVE, showing a strong belief in ETH and possibly a long-term price increase expectation. His strategy appears to be based on strong leverage, continuously using borrowed stablecoins to buy more ETH.
This raises questions in the community: Has he bought enough, or is he still increasing his position? With the massive amount of ETH locked on AAVE, everyone is waiting to see what his next move will be.
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