CoinVoice has recently learned that, according to on-chain analyst Yu Jin's monitoring, a giant whale/institution has accumulated WBTC and ETH worth 136 million USD through circular loans via OKX and Bybit over the past 6 days.
He first withdrew some WBTC and ETH from OKX and Bybit to deposit into Aave, then borrowed USDT to transfer into Bybit, and continued to withdraw WBTC and ETH from OKX and Bybit.
Currently, he has accumulated 918.6 WBTC (108 million USD, average cost price 118,833 USD) and 6,218 ETH (28.33 million USD, average cost price 4,511 USD) over 6 days. The loan on Aave amounts to 29 million USD. [Original link]
