🟡Whale's Multi-Million Dollar $ETH / $BTC Leveraging Strategy 🟡 Unveiled: $AAVE 's Epic Tale of Borrowing, Lending, and Market Mastery👇👇

The Prominent Whale's Strategic Leveraging of #ETH / #BTC Exchange Rate since March 17th:

This formidable whale has strategically engaged in a borrowing and lending strategy to take a long position on the #Ethereum / #bitcoin exchange rate. The modus operandi involves leveraging #Aave by mortgaging ETH to obtain BTC, subsequently utilizing the acquired BTC for various liquidity-enhancing activities or direct conversion to ETH. The ETH proceeds are then deposited back into Aave for continued lending of BTC.

As of the current status, the whale has effectively lent a substantial total of 1,716 BTC, valuing at approximately $45.49 million, within the Aave lending platform. Notably, these BTC assets have been converted into ETH as part of the strategy.

For reference, the associated wallet address for these operations is 0x1111567e0954e74f6ba7c4732d534e75b81dc42e.

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