According to the latest data from Foresight News, one extremely confident (or crazy?) investor has poured in 253.9 WBTC over the past three days, using a loan of 23.9 million USDT. All this was done through Aave, a decentralized lending platform that your kids probably know better than you do.
The hat trick: 'buy bitcoin, collateralize bitcoin, buy more bitcoin'
This guy didn’t just buy BTC. He used leverage. How? He takes a loan in stablecoins, buys WBTC with it, puts them as collateral, takes another loan… repeats. This is called looping, but if you're from Texas, you might call it the 'Texas Pandora's box.'
Now he has 400.9 WBTC — that's about 38 million dollars. The average purchase price is 89,881 USD per WBTC. Not bad, especially considering that BTC is currently trading higher.
But here's the cherry on top: the liquidation price of this position is 80,545 USD.
What does this mean?
This means that if the price of BTC drops by at least 15%, all this grandeur could be liquidated faster than coffee at CNBC in the mornings.
And what does this mean for us?
Here's the thing. When whales start to long so aggressively, it could mean:
1. Signal of strength — they are confident that BTC is heading to $100K+ soon.
2. Signal of panic — they might know that liquidity in DeFi will start drying up and are rushing to catch the last train.
Market context
• BTC is currently moving near $95K–$100K.
• Volumes are high, volatility is moderate, and that's strange.
• Many expect a halving rally — but it may already be 'priced in.'
All this raises the question: is this a triumph of bravery or a march of folly?
If BTC rises to $120K, this investor will become a hero on Reddit and in memes.
If BTC drops to $79K — it will become another lesson in financial physics: 'what falls gets liquidated.'
