ChainCatcher message display, on-chain analyst Yu Jin has detected that a large ETH whale has continued to short BTC in the past hour. Specifically, this whale borrowed 200 WBTC from the Aave platform, sold it on-chain, and exchanged it for 20.9 million USDT.

As of now, this whale has borrowed a total of 420 WBTC from Aave and executed sales at an average price of 103,402 dollars. However, this series of operations has resulted in an unrealized loss of 750,000 dollars. This dynamic has drawn the market's attention to the behavior of whales and their potential impact on the market. Through on-chain data analysis, we can better understand the immediate effects of these large transactions on the market.