Another whale just leverage longed $ETH at yearly lows.



Wallet 0x7099 supplied $17.3 MILLION in ETH to Spark, borrowed $30 MILLION in stablecoins and used it to buy $48 MILLION of staked ETH.

It's a loop. Deposit ETH, borrow against it, buy more ETH, repeat. It prints when ETH rises and liquidates hard when it falls.

This is the third whale in a week running the exact same play. 7 Siblings borrowed $10M three days ago. A dormant whale borrowed $30M two days ago. Now this.

The OGs are dumping. The ETFs are bleeding and a different class of buyer is leveraging into the weakness.
ETH3.61%
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SlippageSailor
· 1h ago
This is the third one. Is it the one we agreed upon or the same script?
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ReflectiveChainShadow
· 2h ago
This leverage stacking is like a Russian nesting doll.
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KeyOnBlackVelvet
· 2h ago
Revolving credit is really good, and it's even better during liquidation.
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OwlAuthorizationMonitor
· 2h ago
Wait, the dormant whale woke up and borrowed 30M? Water lily, huh?
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SeeingTheChainThroughTheFog
· 2h ago
This gameplay: ETH rises 10% and makes a profit, drops 10% and loses.
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GateUser-2d7346e0
· 2h ago
New Buyer Classification: Daredevil Type
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GotLiquidatedAgainLastNight.
· 2h ago
High leverage at low positions, win and you'll be surrounded by models; lose and you'll have to go to work.
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GateUser-03ce08c7
· 2h ago
7 Siblings hit 10M last week, this guy hit 48M—so it’s grind culture, huh?
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