A giant whale/institution has accumulated WBTC and ETH worth $136 million through circular loans on OKX and Bybit over the past 6 days.

Initially, it withdrew some WBTC and ETH from OKX and Bybit to deposit into Aave, then borrowed USDT to transfer to Bybit, and continued to bring back WBTC and ETH from OKX and Bybit.

Currently, it has accumulated 918.6 WBTC ($108 million, average cost price $118,833) and 6,218 ETH ($28.33 million, average cost price $4,511) in 6 days. The borrowing on Aave amounts to $29 million.

Address: 0x4ed0b41dff79e0e53a054903873899bc32abc853