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A certain Whale/institution has recently accumulated $136 million worth of WBTC and ETH through CEX using a revolving loan method over the past 6 days.
PANews August 17 news, according to on-chain analyst Yu Jin's monitoring, a whale/institution has accumulated $136 million worth of WBTC and ETH through circular loans via OKX and Bybit in the past 6 days. He first withdrew some WBTC and ETH from OKX and Bybit to deposit into Aave, then borrowed USDT and transferred it to Bybit, and continued to withdraw WBTC and ETH from OKX and Bybit. Currently, he has accumulated 918.6 WBTC ($108 million, average cost $118,833) and 6,218 ETH ($28.33 million, average cost $4,511) in 6 days. The borrowing on Aave amounts to $29 million.