Whale Utilizes Leverage on ETH Purchase, Triggering Potential Liquidation Risk

A large cryptocurrency investor (whale) has recently engaged in a leveraged purchase of Ethereum, acquiring 8,613 ETH worth $22.43 million within the past hour. The average price at which these tokens were acquired was $2,612.33 per ETH. This whale subsequently pledged their purchased ETH as collateral to borrow an additional 10 million USDT, maintaining a robust health factor of 1.86. However, if the price of Ethereum (ETH) falls below $1,399, it could trigger automatic liquidation of the borrowed funds.