After cutting losses, whale nemorino.eth leveraged again to buy ETH at the bottom.

CoinFeed reported on May 25th that, according to Ember, the on-chain address nemorino.eth made another large purchase of approximately 7,908 ETH an hour ago, using approximately 16.71 million USDT, with an average purchase price of approximately $2,113. Previously, it had liquidated its ETH holdings of 8,424 at approximately $2,124 two days prior, incurring a loss of approximately $2.14 million. The re-entry strategy involved first using its own 11.71 million USDC to purchase approximately 5,536 ETH, then depositing these ETH into the Spark lending protocol as collateral to borrow 5 million DAI to purchase approximately 2,373 ETH, thus rebuilding its position near the previous loss price and adding leverage.