According to TechFlow, on December 20, according to monitoring by Ember, two whales/institutions borrowed a total of 45,800 ETH (about 154 million US dollars) from Aave in the past 10 hours and transferred them to Binance, or they were preparing to short ETH. Among them:

0xc09...819 address borrowed 34,000 ETH (about 114 million US dollars) in the past 6 hours and transferred them to Binance;

0xb99...cf5 address borrowed 11,800 ETH (about 39.86 million US dollars) in the past 10 hours and transferred them to Binance.