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.





