Giant whale cycles operations for 6 days, accumulating $136 million in WBTC and ETH

According to news from HashiChain, on-chain analyst Yu Zhuo monitored that a giant whale or institution has accumulated $136 million worth of WBTC and ETH through a cyclical lending method on OKX and Bybit over the past 6 days. The specific operations are as follows: first, withdraw some WBTC and ETH from OKX and Bybit to deposit into Aave, then borrow USDT to transfer to Bybit, and continue to withdraw WBTC and ETH from OKX and Bybit. Currently, this giant whale has accumulated 918.6 WBTC ($108 million, average cost price of $118,833) and 6,218 ETH ($28.33 million, average cost price of $4,511) within 6 days. The loan on Aave amounts to $29 million.