Crazy! The ancient god whale suddenly 'revives', smashing $1 billion ETH to play a big game! Are retail investors' wealth destinies actually being controlled by it?

When the giant whale moves, the market trembles!

This news is worth every cryptocurrency enthusiast's attention—just discovered that an ancient Bitcoin whale suddenly deposited 22,000 ETH (nearly $100 million) into the lending protocol Aave, while it also has over 8,000 ETH (over $30 million) lying in other wallets!

My interpretation is: this is definitely not a normal operation.

The giant whale is either preparing ammunition for a large-scale long/short position or is laying out a leveraged mining or arbitrage strategy.

It's important to know that by depositing ETH in Aave, you can borrow stablecoins or other assets; such operations often indicate a position adjustment before a major market move.

There are actually many similar cases—last June, a giant whale collateralized 100,000 ETH in Compound and borrowed a large amount of USDC to buy the dip, and then ETH rose by 70% in the following three months.

What’s even more noteworthy is that recently the staking yield for ETH has continued to decline, and the giant whale prefers to use lending protocols rather than staking, likely in pursuit of more flexible liquidity.

But be careful! Just because the giant whale takes action doesn't mean retail investors should blindly follow suit.

Large capital operations often aim for hedging or cross-market arbitrage, and ordinary people can easily become small fish washed ashore by the waves stirred up by the whales.

What do you think this giant whale will buy next? Is it preparing to increase its BTC position? Or is it laying out a Layer 2 protocol? #杰克逊霍尔会议

Lost in the cryptocurrency world? Follow Mi Ge for daily market analysis + hot topic tracking, helping you clear the fog and see the direction!