According to Lookonchain monitoring, the whale address starting at 0x111 is using Aave to borrow and borrow long on the ETH/BTC exchange rate pair. The specific operation is: deposit ETH into Aave, then borrow WBTC, then convert WBTC to ETH, and deposit ETH into Aave again. Borrow WBTC.
Currently, this address has deposited a total of 44,956 ETH (approximately $73.5 million) and borrowed 2,088 BTC (approximately $58.3 million).
Currently, this address has deposited a total of 44,956 ETH (approximately $73.5 million) and borrowed 2,088 BTC (approximately $58.3 million).