Data: A whale built a position of 2,304.3 stETH, worth approximately $5.78M, through recursive lending.

According to on-chain analyst Ai Yi (@ai_9684xtpa)'s monitoring, a certain whale has built a position of 2,304.3 $stETH, worth $5.78 million, with an average cost of $2,510.00, in the past 2 hours by buying $stETH, depositing it into Compound for staking, and borrowing $USDC to continue buying. Currently, it has pledged 3,503.23 $stETH and 10 WBTC to borrow 7.03 million $USDC, with a health level of 1.22. [ChainCatcher]