TREE NEWS reports: A whale that has been looping long ETH since late September added another 9,000 ETH, lowering its average long entry price to $2,553.31. The address has deposited 18,500.54 WETH worth $45.53 million into Aave and borrowed $25.01 million in stablecoins, leaving a health score of 1.51. Since Sept. 29 it has withdrawn 12,549.9 ETH worth $32.04 million from Binance via the strategy, adding to the position from $2,736.47 down to $2,460.
Whale Adds 9,000 ETH to Leveraged Long, Lowers Average Entry to $2,553.31
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AI take
The signal here is behavioral, not directional: a large leveraged position is being averaged down rather than cut, which suggests conviction but also concentration risk on Aave. The 1.51 health score is the number worth watching — it defines how much room the position has before liquidation mechanics become the story rather than the strategy. This matters mainly to those tracking leveraged ETH supply on lending markets as a gauge of fragile positioning. Whether the loop keeps expanding from here, or stalls as the average entry grinds lower, is the open question.
Generated by AI for reference only.
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