List of Flash News about Aave leveraged trading
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02:54 |
Whale 0x7055 Makes Massive $ETH Purchase with $10M USDC Aave Loan – Crypto Market Impact Analysis
According to Lookonchain, whale 0x7055 borrowed 10 million USDC from Aave just four hours ago and purchased 4,170 ETH at $2,400 per token, repeating a leveraged buying pattern. Previously, this whale spent 86.79 million USDC to acquire 31,458 ETH at $2,759 each on June 12 (Source: Lookonchain via Twitter, debank.com/profile/0x7055). These substantial purchases signal heightened bullish sentiment and can increase short-term volatility and upward pressure on ETH prices. Traders should monitor ETH (ETH) liquidity and potential follow-on effects for DeFi lending protocols like Aave, as large leveraged positions could influence liquidation cascades or trigger market moves if price levels shift abruptly. |