Data: A certain whale withdrew 1,444 cbBTC from Coinbase in the past two weeks and deposited it into Aave to short the ETH/BTC exchange rate
ChainCatcher news, according to on-chain analyst Ember's monitoring, despite the Ethereum to Bitcoin (ETH/BTC) exchange rate dropping to 0.028, there are still large whales continuing to be bearish on this trading pair.
Data shows that a whale has withdrawn a total of 1,444 cbBTC from Coinbase over the past two weeks, worth approximately $138 million, and subsequently deposited it into the decentralized lending protocol Aave as collateral, borrowing 29,025 Ethereum (worth about $77.6 million), and transferring the borrowed Ethereum to Coinbase.
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