whale nemorino.eth closed out 8,000 ETH to pay off debts and exit leverage; he had made a profit of $7.58 million over six months by using revolving loans to go long on ETH.

This round of operations started in May with a principal of 7.7 million USDC. During the period, a total of 10,914 ETH were purchased at an average price of $2,946. Ultimately, the six-month revolving loan long strategy resulted in a profit of $7.58 million, with a return of 98%.