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Two Ethereum DeFi traders just made $120m using a strategy called ‘looping’

Two Ethereum traders made $120 million in the last 24 hours.The traders employ a 'looping' strategy in DeFi, enabling leveraged positions on Ether to amplify their investments.Upcoming Ethereum upgrades and the potential approval of an Ether ETF are key market catalysts, potentially driving Ether's price even higher.A pair of high-value Ethereum traders are up nearly $120 million today as crypto prices continue to jump.According to DL News’ analysis, two wallet addresses, 0x28 and 0x74, have use...

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