Whale Accumulates $136M in WBTC and ETH using Revolving Loans: Market Volatility & DeFi Impact

A large cryptocurrency holder (whale) has amassed a significant sum, approximately $136 million, of both Wrapped Bitcoin (WBTC) and Ethereum (ETH), over the past six days. This acquisition was facilitated by leveraging revolving loan strategies on major cryptocurrency exchanges like OKX and Bybit. These loans utilized Aave’s recursive lending system, impacting market volatility and liquidity in the process. ]