Data: A certain whale/institution has accumulated $136 million worth of WBTC and ETH through revolving loans in the past 6 days

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, a giant whale/institution has accumulated $136 million worth of WBTC and ETH through circular loans via OKX and Bybit in the past 6 days.

He first withdrew a portion of WBTC and ETH from OKX and Bybit and deposited it into Aave, then borrowed USDT to transfer to Bybit, and continued to bring back WBTC and ETH from OKX and Bybit.

Currently, he has accumulated 918.6 WBTC ($108 million, average cost $118,833) and 6,218 ETH ($28.33 million, average cost $4,511) in 6 days. The borrowing on Aave amounts to $29 million.