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A whale has borrowed $11.80 million stablecoin to buy 4,459 ETH since August 11

On August 13, according to Lookonchain monitoring, the whale that was liquidated with 2,890 wstETH ($8.06 million) during the August 5 market crash started buying and long ETH again. Since August 11, the whale has borrowed 6.60 million DAI, 2.70 million USDT and 2.50 million USDC to buy 4,459 ETH ($11.8 million) at an average price of $2,646.