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An address is long on the chain through leverage ARB, currently holding 5.415 million ARB

According to on-chain analyst Ember Monitoring, one address on-chain is long ARB through leverage: He raised 2.936 million ARBs ($3.41 million) from Bybit 2 hours ago to deposit in Aave as initial collateral, then borrowed from Aave 2.95 million USDT into Binance to buy 2.478 million ARBs at $1.19. He currently holds 5.415 million ARBs ($6.40 million).