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BlockBeats News, April 20th. According to EmberCN, 4 days ago, a whale who had taken profit at the high and liquidated long positions worth $398 million, making a profit of $684.7 million, re-entered the market today after the pullback and opened new long positions. The whale currently holds 44,000 ETH in long positions across 2 wallets, with a position value of $1 billion and a cost basis of $2,289 per ETH.

According to a post by DefiLlama founder 0xngmi, following the KelpDAO hack, Aave is facing pressure to handle bad debt, with three possible solutions: First, socializing the losses among users by reducing asset value by 18.5%, which is expected to result in approximately $216 million in bad debt. Umbrella insurance would cover $55 million, and the treasury would supplement $85 million, still leaving a $76 million gap. Second, executing a "rug pull" for rsETH holders on L2, which would generate around $341 million in bad debt. Third, returning assets based on a pre-attack snapshot, which, after umbrella insurance coverage, would still leave about $91 million in losses. Additionally, it is suggested to confiscate the hacker's collateral to offset part of the bad debt. Aave OG Security Module holds around $300 million AAVE tokens, and a 20% haircut could provide about $60 million in coverage.

The US dollar/South Korean won once rose by 1.5% to 1,481.75, marking the largest gain since March. The US dollar spot index rose by 0.2%. Brent crude oil futures once surged 7.9%, erasing most of last Friday’s losses.