Data: BTC OG insider whale's new address withdrew 61,000 ETH from Binance and deposited it into Aave or engaged in leveraged looping operations

According to Lookonchain monitoring, the BTC OG insider whale is not only deeply in the red due to holding long positions in BTC/ETH/SOL worth $779 million, but now it seems to be engaging in circular leverage operations with ETH.

Earlier today, he created a new wallet, withdrew 61,000 ETH (approximately $174.3 million) from Binance, deposited it into Aave, and then borrowed 60 million USDC from Aave and transferred it back to Binance.