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A whale deposited $250 million in BTC into the Aave protocol and borrowed ETH to short the ETH/BTC trading pair


2025-03-0511645 Views
According to on-chain analyst Lookonchain (@lookonchain), a whale is shorting the ETH/BTC trading pair. The whale withdrew 2,770 cbBTC (approximately $243 million) from Coinbase, then deposited 2,219 cbBTC (approximately $194.6 million) into the Aave protocol, and borrowed 45,441 Ethereum (approximately $99 million).




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