「BTC OG Insider Whale」's new address withdrew 61,000 ETH from Binance to deposit into Aave or for a loop leverage operation

BlockBeats News, January 26th, according to LookIntoChain monitoring, the "BTC OG Insider Whale" is not only deeply in loss due to holding a $7.79 billion worth of BTC/ETH/SOL long position but now seems to be engaging in a circular leverage operation on ETH.

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