A giant whale/institution has accumulated $136 million worth of WBTC and ETH through circular loans in the last 6 days

Deep Tide TechFlow news, on August 17, according to on-chain analyst Ember (@EmberCN), a giant whale/institution has accumulated $136 million worth of WBTC and ETH through circular loans on OKX and Bybit in the last 6 days. He first withdrew some WBTC and ETH from OKX and Bybit and deposited them into Aave, then borrowed USDT to transfer to Bybit, and continued to withdraw WBTC and ETH from OKX and Bybit. So far, he has accumulated 918.6 WBTC ($108 million, average cost of $118,833) and 6,218 ETH ($28.33 million, average cost of $4,511) in 6 days. The loan on Aave is $29 million.