Trader Utilizes Repeated Borrowing to Accumulate WBTC
According to monitoring by on-chain analyst Ai Auntie (@ai_9684xtpa), a trader has been actively increasing their WBTC holdings through a leveraged looping strategy over the past 17 hours.
On-chain data reveals the trader accumulated 61.93 WBTC tokens worth approximately $4.092 million at current prices, with an average entry price of $66,082.5 per WBTC.
Collateral and Position Health Metrics
At present, the trader has deposited 118.83 WBTC as collateral while borrowing 4.1 million USDT to support their leveraged position.
The position currently maintains a health factor of 1.72, indicating sufficient buffer against potential liquidation risks.
- Total WBTC Accumulated: 61.93
- Value: ~$4.092 million
- Average Cost Basis: $66,082.5 per WBTC
- Collateral Deposited: 118.83 WBTC
- Borrowed Amount: 4.1 million USDT
- Health Factor: 1.72