According to @DefiLlama, over $24 billion is currently borrowed through onchain lending protocols, marking the highest level in nearly three years and continuing to rise. This surge in DeFi lending activity is driving increased trading volumes and liquidity across major cryptocurrencies like ETH and BTC. Traders are closely watching onchain metrics for potential volatility and new opportunities, as elevated borrowing often signals heightened leverage and market activity. Source: DefiLlama.

According to @ai_9684xtpa, a major Ethereum whale (address 0x348...a40b4) has initiated a leveraged long position by purchasing 8,613 ETH worth $22.43 million within the past hour, with an average entry price of $2,612.33. The whale has collateralized the entire ETH holding to borrow 10 million USDT, maintaining a health ratio of 1.86. If ETH drops to $1,399, the position will face liquidation. This large leveraged position increases volatility risks and could significantly influence ETH price action in the near term, making liquidation levels and whale activity critical signals for crypto traders. (Source: @ai_9684xtpa via Twitter, May 16, 2025)