Data: A certain whale deposited cbBTC into Aave and borrowed 79,638 ETH to short the ETH/BTC exchange rate

ChainCatcher news, according to on-chain analyst Lookonchain (@lookonchain), a giant whale has been continuously shorting the ETH/BTC trading pair.

The whale withdrew 3,644 cbBTC (approximately $304 million) from Coinbase and deposited 3,034 cbBTC (approximately $253 million) into Aave. Subsequently, the whale borrowed 79,638 ETH (approximately $152 million) from Aave and deposited it into Coinbase.