Dormant Whale Borrows 70M USDT, Buys 30,222 ETH at $2,316

A whale dormant for five years staked 44,500 ETH (about $102 million) to borrow 70 million USDT and bought 30,222 ETH at an average price of $2,316 on Feb. 2, on-chain data show. The ETH collateral was withdrawn from Bitfinex when ETH traded at $1,354. The position currently shows a $42.57 million profit.