A whale dormant for 5 years goes long on ETH with coin-margined positions, collateralizing 44,500 ETH to borrow 70 million USDT and buying ETH.

According to ChainCatcher, on-chain analyst Yujin has monitored that a whale/institution dormant for 5 years made a coin-margined long on ETH in the early hours today: collateralized 44,500 ETH (102 million USD) to borrow 70 million USDT, and continued to buy 30,222 ETH at a purchase price of 2,316 USD. The ETH collateralized by this whale was withdrawn from an exchange 5 years ago, when the ETH price was 1,354 USD. The current profit is 42.57 million USD.