Bhutan's Sovereign Wealth Fund Druk Holdings has initiated an ETH leveraged long position on the Aave protocol. According to on-chain data, the current leveraged position size of the fund is approximately 117,000 ETH, with a market value of about $459 million based on the latest prices. The construction of this large position reflects institutional investors' optimistic outlook on Ethereum's medium-term trend and also serves as a snapshot of activity in the DeFi lending market.

ETH-3,45%
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AirdropAutomatonvip
· 7h ago
Bhutan is really confident about this move. They are directly leveraging 117,000 ETH on Aave. No one has this kind of guts.
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LuckyHashValuevip
· 7h ago
How does Bhutan Fund play this way? 117k ETH leverage, really bold.
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ForkThisDAOvip
· 7h ago
Wow, 117,000 ETH leverage? Bhutan is also starting to get creative.
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GasFeeNightmarevip
· 7h ago
Bhutan Fund is playing with leverage, their guts are really big. How much ETH can they scoop up at the bottom with 117k ETH?
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