Data: A giant whale/institution has hoarded $136 million worth of WBTC and ETH in revolving loans in the past 6 days
TechFlame
2025-08-17 15:22
TechFlame2025-08-17 15:22
English
According to TechFlame, according to on-chain analyst Ember Monitoring, a giant whale/institution has hoarded $136 million worth of WBTC and ETH through OKX and Bybit in the last 6 days using revolving loans.
He first proposed to deposit some WBTC and ETH from OKX and Bybit into Aave, then lent USDT to Bybit, then continued to withdraw WBTC and ETH from OKX and Bybit.
Currently, he has stocked up 918.6 WBTC ($108 million, average cost $118,833) and 6,218 ETH ($28.33 million, average cost $4511) over 6 days. The loan on Aave was $29 million.