A new address linked to the "BTC OG Insider Whale" withdrew 61,000 ETH from Binance and deposited it into Aave, possibly for leveraged trading.

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On January 26, according to Lookonchain monitoring, the "BTC OG Insider Whale" is not only deeply in the red due to holding a long position of BTC/ETH/SOL worth $779 million, but also seems to be engaging in cyclical leveraged operations on ETH.

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

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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