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

Golden Finance reports that according to Ember Monitoring, a giant whale/institution has accumulated $136 million worth of WBTC and ETH through circular loans via OKX and Bybit in the last 6 days. They first withdrew some WBTC and ETH from OKX and Bybit and deposited it into Aave, then borrowed USDT and transferred it to Bybit, and continued to withdraw WBTC and ETH from OKX and Bybit. Currently, they have accumulated 918.6 WBTC ($108 million, average cost price $118,833) and 6,218 ETH ($28.33 million, average cost price $4,511) over the 6 days. The loan on Aave amounts to $29 million.