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Whale's new move: withdrew $121 million ETH from the exchange, borrowed $63 million USDT from Aave.
[Block Rhythm] An interesting move has occurred. On December 24, a whale address on a certain chain, 0xB85, suddenly made a significant adjustment to its Holdings. Eight hours ago, this whale withdrew 12,287 ETH (worth approximately $36.04 million) in one go from a major exchange and immediately transferred it to the Aave lending protocol. It borrowed 20 million USDT and took the opposite position by accumulating 6,787 ETH.
What's even more impressive is that this guy now holds a total of 40,974 ETH, worth 121 million USD, while borrowing 63 million USDT from Aave. This operating model is quite clear — using ETH as collateral to borrow stablecoins, clearly preparing funds for subsequent actions. Market sentiment is changing, and the wallets of big whales are also speaking.