A significant Ethereum whale holding the address 0xC60…89F3f acquired 8,309.4 ETH valued at approximately $29.92 million within a concentrated five-hour accumulation period. The purchases occurred at an average entry price of $3,601.80 per ETH.
Following the ETH acquisition, the whale utilized the Aave lending protocol to deposit 500 cbBTC and 7,950 WETH as collateral. Against this deposited collateral, the entity borrowed 30 million USDT and 18 million USDC.
The whale’s leveraged lending position on Aave currently maintains a health factor of 1.48. This metric indicates a moderate safety buffer exists before facing liquidation risk, though the position remains exposed to potential market volatility.