A certain whale bought 1,390 ETH at an average price of 4000 USD and used it as collateral to go long on the ETH/BTC exchange rate.

BlockBeats news, on August 8, according to Lookonchain monitoring, when ETH broke through 4000 USD, whale 0xaf6c just bought 1,390 WETH (5.56 million USD) at a price of 4000 USD.

Then, he deposited 1,390 WETH into Aave, borrowed 52.83 WBTC (6.17 million USD) from Aave, and exchanged it for 1,539 WETH (6.17 million USD).