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A certain investment institution has leveraged and swept 46K ETH again, accumulating over 580,000 coins, with unrealized losses exceeding $140 million.
[Chain News] Market monitoring shows that a leading investment institution has recently made another move, using leveraged borrowing to purchase 46,379 ETH at once, which is approximately valued at 137 million USD based on current prices.
This is not the first time. Since early November when ETH hovered around $3,400, this institution has begun intensive accumulation operations—having bought a total of 580,000 ETH, with a total investment of nearly $1.72 billion. Based on the current price, their average holding cost is $3,208.
Interestingly, the book loss has now reached 141 million USD. The leverage positions of institutions are also clearly exposed: borrowing 887 million USDT from Aave to support this operation, the leverage ratio is close to 2 times, and the risk is indeed significant.
Market observers have noticed that the operating style of this address is quite familiar - it previously made a profit of $24.48 million by shorting ETH, and then decisively turned bullish. This shift from profiting from shorting to making a large bullish position is quite bold. Whether the leveraged accumulation can turn the tide is worth paying attention to.