A giant whale deposited $250 million BTC into the Aave protocol and lent ETH to short the ETH/BTC trading pair
2025-03-05 03:05:01
According to on-chain analyst Lookonchain (@lookonchain), a giant whale is shorting the ETH/BTC trading pair. The giant whale withdrew 2,770 cbBTC (~ $243 million) from Coinbase, then deposited 2,219 cbBTC (~ $194.60 million) into the Aave protocol and lent 45,441 Ethereum (~ $99 million).
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