A whale used a cyclical lending strategy to go long on ETH and then took profits in batches, accumulating a floating profit of over $15 million.

According to @Onchain Lens monitoring, the whale address "0xa339" recently sold 10,002 ETH after establishing a long position in ETH through a revolving lending mechanism, with a transaction amount of approximately $29.38 million, in exchange for USDC. Statistics show that this address has cumulatively sold 50,623 ETH, with an average transaction price of approximately $2,921, totaling approximately $147.88 million in USDC and USDT, realizing an overall unrealized profit of over $15 million.