A whale/institution has accumulated $136 million worth of WBTC and ETH using revolving loans over the past six days.

On August 17th, according to Ember's monitoring, a whale/institution accumulated $136 million worth of WBTC and ETH using revolving loans through OKX and Bybit over the past six days.

The individual first withdrew some WBTC and ETH from OKX and Bybit and deposited them into Aave, then borrowed USDT and transferred it to Bybit, and then withdrew WBTC and ETH from OKX and Bybit.

Currently, the individual has 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 past six days. The individual's Aave loans totaled $29 million.