A whale address is currently using the Aave platform to take out loans in order to go long on BTC.
On July 26, a certain whale address has, since July 4, withdrawn 494 WBTC (approximately $31.7 million) from Binance at an average price of $64,232, deposited them into Aave to borrow 12 million USDT, and then redeposited them into Binance to purchase BTC.
