A whale profited 400 ETH by using leverage to go long on ETH.

CoinFeed reported on April 18th that, according to on-chain analyst Ember, a whale sold 12,400 ETH that it had leveraged to go long, making a profit of 400 ETH ($950,000). This whale borrowed 28 million USDT from Aave in February to buy 12,802 ETH at an average price of $2,187. In recent days, after the ETH price rose, it sold a total of 12,402 ETH to obtain 28.16 million USDT to repay the loan, at an average selling price of $2,271. The whale borrowed to buy 12,802 ETH, sold 12,402 ETH to repay the loan, and made a profit of 400 ETH.